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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) -- Praxair (NYSE: PX) hit a new 52-week high Friday as it is currently trading at $115.61, above its previous 52-week high of $115.50 with 716,565 shares traded as of 2:30 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Praxair has a market cap of $34.05 billion and is part of the basic materials sector and chemicals industry. Shares are up 4.1% year to date as of the close of trading on Thursday. Praxair, Inc. engages in the production, distribution, and sale of atmospheric and process gases, and surface coatings in North America, Europe, South America, and Asia. The company has a P/E ratio of 20.8, above the S&P 500 P/E ratio of 17.7.