NEW YORK (

TheStreet

) --

IPG Photonics Corporation

(Nasdaq:

IPGP

) hit a new 52-week high Thursday as it is currently trading at $74.32, above its previous 52-week high of $74.18 with 438,233 shares traded as of 1:12 p.m. ET. Average volume has been 436,500 shares over the past 30 days.

IPG Photonics has a market cap of $3.2 billion and is part of the

technology

sector and

electronics

industry.

TheStreet Recommends

IPG Photonics Corporation manufactures fiber lasers and amplifiers for use in a range of markets, such as materials processing, advanced technologies, telecommunications, and medical applications.

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TheStreet Ratings rates IPG Photonics as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. 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

IPG Photonics Ratings Report

.

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