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) -- Magna International (NYSE: MGA) hit a new 52-week high Wednesday as it is currently trading at $58.10, above its previous 52-week high of $58.08 with 248,507 shares traded as of 12:36 p.m. ET. Average volume has been 732,400 shares over the past 30 days. Magna International has a market cap of $13.15 billion and is part of the services sector and wholesale industry. Shares are up 15.6% year to date as of the close of trading on Tuesday. Magna International Inc. designs, develops, and manufactures automotive systems, assemblies, modules, and components; and engineers and assembles vehicles to original equipment manufacturers of cars and light trucks in North America, Europe, Asia, South America, and Africa. The company has a P/E ratio of 9.5, below the S&P 500 P/E ratio of 17.7.
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