NEW YORK (

TheStreet

) --

NVE Corporation

(Nasdaq:

NVEC

) hit a new 52-week high Monday as it is currently trading at $64.50, above its previous 52-week high of $64.25 with 15,214 shares traded as of 9:55 a.m. ET. Average volume has been 39,000 shares over the past 30 days.

NVE has a market cap of $301.4 million and is part of the

technology

sector and

electronics

industry. Shares are up 9% year to date as of the close of trading on Friday.

NVE Corporation engages in the development and sale of devices that use spintronics, a nanotechnology that relies on electron spin to acquire, store, and transmit information. It manufactures high-performance spintronic products, including sensors and couplers used to acquire and transmit data. The company has a P/E ratio of 21.8, below the average electronics industry P/E ratio of 22.4 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates NVE 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, growth in earnings per share, expanding profit margins and increase in net income. 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

NVE Ratings Report

.

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