NEW YORK (

TheStreet

) --

OSI Systems

(Nasdaq:

OSIS

) hit a new 52-week high Wednesday as it is currently trading at $47.40, above its previous 52-week high of $47.39 with 119,898 shares traded as of 3:50 p.m. ET. Average volume has been 140,000 shares over the past 30 days.

OSI Systems has a market cap of $835.1 million and is part of the

technology

sector and

electronics

industry. Shares are up 23.7% year to date as of the close of trading on Tuesday.

OSI Systems, Inc., together with its subsidiaries, designs and manufactures electronic systems and components for homeland security, healthcare, defense, and aerospace markets worldwide. The company operates in three divisions: Security, Healthcare, and Optoelectronics and Manufacturing. The company has a P/E ratio of 27.2, above the average electronics industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates OSI Systems as a

buy

. 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 good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

OSI Systems Ratings Report

.

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