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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) -- Standard Pacific (NYSE: SPF) hit a new 52-week high Wednesday as it is currently trading at $9, above its previous 52-week high of $8.95 with 2.6 million shares traded as of 2:11 p.m. ET. Average volume has been 3.9 million shares over the past 30 days. Standard Pacific has a market cap of $1.85 billion and is part of the industrial goods sector and materials & construction industry. Shares are up 18.6% year to date as of the close of trading on Tuesday. Standard Pacific Corp. operates as a builder of single-family attached and detached homes in the United States. It constructs homes targeting various homebuyers primarily move-up buyers in metropolitan markets in California, Florida, the Carolinas, Texas, Arizona, and Colorado. The company has a P/E ratio of six, below the S&P 500 P/E ratio of 17.7.