NEW YORK (

TheStreet

) --

Herley Industries

(Nasdaq:

HRLY

) hit a new 52-week high Friday as it traded at $19.05 compared with its previous 52-Week high of $19.02. Herley is changing hands at $19.01 with 4,800 shares traded as of 10:05 a.m. ET. Average volume has been 153,300 shares over the past 30 days.

Herley has a market cap of $267.4 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 32.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.

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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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Herley Ratings Report

.

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