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) -- Corning (NYSE: GLW) hit a new 52-week high Monday as it is currently trading at $16.20, above its previous 52-week high of $16.14 with 3.3 million shares traded as of 10:11 a.m. ET. Average volume has been 13.1 million shares over the past 30 days. Corning has a market cap of $22.79 billion and is part of the technology sector and electronics industry. Shares are up 27.9% year to date as of the close of trading on Friday. Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7.
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