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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) -- Colfax Corporation (NYSE: CFX) hit a new 52-week high Friday as it is currently trading at $48.89, above its previous 52-week high of $48.83 with 443,709 shares traded as of 2:50 p.m. ET. Average volume has been 791,500 shares over the past 30 days. Colfax has a market cap of $4.53 billion and is part of the industrial goods sector and industrial industry. Shares are up 19.7% year to date as of the close of trading on Thursday. Colfax Corporation, a diversified industrial manufacturing and engineering company, provides gas- and fluid-handling and fabrication technology products and services to commercial and governmental customers worldwide. The company has a P/E ratio of 77.6, above the S&P 500 P/E ratio of 17.7.