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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Watson Pharmaceuticals (NYSE: WPI) hit a new 52-week high Wednesday as it is currently trading at $91.58, above its previous 52-week high of $91.47 with 748,255 shares traded as of 1:10 p.m. ET. Average volume has been 1.1 million shares over the past 30 days. Watson has a market cap of $10.95 billion and is part of the health care sector and drugs industry. Shares are down 1.5% year to date as of the close of trading on Tuesday. Watson Pharmaceuticals, Inc., a specialty pharmaceutical company, engages in the development, manufacture, marketing, sale, and distribution of generic and brand pharmaceutical products in the United States, western Europe, Canada, Australasia, Asia, South America, and South Africa. The company has a P/E ratio of 13.9, below the S&P 500 P/E ratio of 17.7.