NEW YORK (
) hit a new 52-week high Monday as it is currently trading at $41.12, above its previous 52-week high of $40.99 with 49,148 shares traded as of 2:03 p.m. ET. Average volume has been 93,200 shares over the past 30 days.
Faro has a market cap of $652.6 million and is part of the
industry. Shares are up 16.8% year to date as of the close of trading on Thursday.
FARO Technologies, Inc. designs, develops, manufactures, markets, and supports portable, software driven, three-D measurement systems used in a range of manufacturing, industrial, building construction, and forensic applications. The company has a P/E ratio of 58.7, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
- Practice your FARO trading strategies and win cash in our stock game.
TheStreet Ratings rates Faro as a
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full
52-week high stocks
or get investment ideas from our