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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) -- Flextronics International (Nasdaq: FLEX) hit a new 52-week high Thursday as it is currently trading at $7.31, above its previous 52-week high of $7.30 with 702,531 shares traded as of 10:10 a.m. ET. Average volume has been 4.3 million shares over the past 30 days. Flextronics International has a market cap of $4.7 billion and is part of the technology sector and electronics industry. Shares are up 15.5% year to date as of the close of trading on Wednesday. Flextronics International Ltd. engages in the provision of design and manufacturing services to original equipment manufacturers worldwide. The company has a P/E ratio of 8.5, below the S&P 500 P/E ratio of 17.7.