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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) -- Owens-Illinois (NYSE: OI) hit a new 52-week high Tuesday as it is currently trading at $29.08, above its previous 52-week high of $29.07 with 723,055 shares traded as of 2:20 p.m. ET. Average volume has been 1.3 million shares over the past 30 days. Owens-Illinois has a market cap of $4.73 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 35.2% year to date as of the close of trading on Monday. Owens-Illinois, Inc., through its subsidiaries, manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The company has a P/E ratio of 33, above the S&P 500 P/E ratio of 17.7.