NEW YORK (

TheStreet

) --

Ultratech

(Nasdaq:

UTEK

) hit a new 52-week high Thursday as it traded at $26.55 compared with its previous 52-Week high of $26.50. Ultratech is changing hands at $26.36 with 136,626 shares traded as of 10:32 a.m. ET. Average volume has been 241,500 shares over the past 30 days.

Ultratech has a market cap of $623.5 million and is part of the

technology

sector and

electronics

industry. Shares are up 27.5% year to date as of the close of trading on Wednesday.

Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 37.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Ultratech 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, 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

Ultratech Ratings Report

.

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