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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) -- Avery Dennison (NYSE: AVY) hit a new 52-week high Tuesday as it is currently trading at $43.66, above its previous 52-week high of $43.64 with 360,499 shares traded as of 12:51 p.m. ET. Average volume has been 880,900 shares over the past 30 days. Avery Dennison has a market cap of $4.33 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 22.8% year to date as of the close of trading on Monday. Avery Dennison Corporation engages in the production and sale of pressure-sensitive materials worldwide. Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7.