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) -- Gap (NYSE: GPS) hit a new 52-week high Friday as it is currently trading at $38.80, above its previous 52-week high of $38.23 with 179,762 shares traded as of 9:36 a.m. ET. Average volume has been 4.5 million shares over the past 30 days. Gap has a market cap of $17.48 billion and is part of the services sector and retail industry. Shares are up 22.3% year to date as of the close of trading on Thursday. The Gap, Inc. operates as an apparel retail company. It offers apparel, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana Republic, Piperlime, Athleta, and Intermix brands. The company operates through two segments, Stores and Direct. The company has a P/E ratio of 16.1, below the S&P 500 P/E ratio of 17.7.