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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) -- Timken Company (NYSE: TKR) hit a new 52-week high Thursday as it is currently trading at $58.01, above its previous 52-week high of $57.94 with 246,976 shares traded as of 11:16 a.m. ET. Average volume has been 865,300 shares over the past 30 days. Timken has a market cap of $5.43 billion and is part of the industrial goods sector and industrial industry. Shares are up 20.1% year to date as of the close of trading on Wednesday. The Timken Company engineers, manufactures, and markets mechanical components and high-performance steel products worldwide. It operates through four segments: Mobile Industries, Process Industries, Aerospace and Defense, and Steel. The company has a P/E ratio of 11.2, below the S&P 500 P/E ratio of 17.7.