NEW YORK ( TheStreet) -- Stratasys (Nasdaq: SSYS) hit a new 52-week high Wednesday as it traded at $38.75 compared with its previous 52-Week high of $37.08. Stratasys is changing hands at $38.68 with 6,940 shares traded as of 9:32 a.m. ET. Average volume has been 123,400 shares over the past 30 days. Stratasys has a market cap of $719.3 million and is part of the technology sector and computer hardware industry. Shares are up 10.6% year to date as of the close of trading on Tuesday. Stratasys, Inc., together with its subsidiaries, engages in the development, manufacture, and marketing of three dimensional (3D) printing, rapid prototyping (RP), and direct digital manufacturing (DDM) systems primarily in North America, Europe, and the Asia Pacific. The company has a P/E ratio of 99.5, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 23.4. TheStreet Ratings rates Stratasys as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, 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 Stratasys Ratings Report.