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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) -- Rite Aid Corporation (NYSE: RAD) hit a new 52-week high Friday as it is currently trading at $3.05, above its previous 52-week high of $3.04 with 15.2 million shares traded as of 11:01 a.m. ET. Average volume has been 20.7 million shares over the past 30 days. Rite Aid has a market cap of $2.6 billion and is part of the services sector and retail industry. Shares are up 113.2% year to date as of the close of trading on Thursday. Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has a P/E ratio of 24, above the S&P 500 P/E ratio of 17.7.