NEW YORK (

TheStreet

) --

Herley Industries

(Nasdaq:

HRLY

) hit a new 52-week high Friday as it traded at $18.99 compared with its previous 52-Week high of $18.98. Herley is changing hands at $18.99 with 39,463 shares traded as of 3:36 p.m. ET. Average volume has been 122,100 shares over the past 30 days.

Herley has a market cap of $265.6 million and is part of the

technology

sector and

electronics

industry. Shares are up 9.5% year to date as of the close of trading on Thursday.

Herley Industries, Inc., together with its subsidiaries, engages in the design, development, and manufacture of microwave technology solutions for the defense, aerospace, and medical industries worldwide. The company has a P/E ratio of 38.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates Herley as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

Herley Ratings Report

.

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