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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) -- Lufkin Industries (Nasdaq: LUFK) hit a new 52-week high Wednesday as it is currently trading at $88.63, above its previous 52-week high of $88.58 with 96,528 shares traded as of 10 a.m. ET. Average volume has been 988,400 shares over the past 30 days. Lufkin has a market cap of $2.98 billion and is part of the basic materials sector and energy industry. Shares are up 51.9% year to date as of the close of trading on Tuesday. Lufkin Industries, Inc. manufactures and supplies oilfield and power transmission products for use in energy infrastructure and industrial applications. The company operates through two segments, Oil Field and Power Transmission. The company has a P/E ratio of 36, above the S&P 500 P/E ratio of 17.7.