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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) -- Pier one Imports (NYSE: PIR) hit a new 52-week high Wednesday as it is currently trading at $25.22, above its previous 52-week high of $25.21 with 285,673 shares traded as of 11 a.m. ET. Average volume has been 1.2 million shares over the past 30 days. Pier one Imports has a market cap of $2.67 billion and is part of the services sector and retail industry. Shares are up 25.8% year to date as of the close of trading on Tuesday. Pier one Imports, Inc., together with its subsidiaries, operates as an importer and specialty retailer of imported decorative home furnishings and gifts primarily in the United States and Canada. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.