Verigy (Nasdaq:VRGY) hit a new 52-week high Thursday as it changed hands at $13.93 compared with its previous 52-week high of $13.79. Verigy is currently trading at $13.88 with 210,108 shares changing hands as of 12:57 p.m..
NEW YORK ( TheStreet) -- Verigy (Nasdaq: VRGY) hit a new 52-week high Thursday as it traded at $13.93 compared with its previous 52-Week high of $13.79. Verigy is changing hands at $13.88 with 210,108 shares traded as of 12:57 p.m. ET. Average volume has been 1.9 million shares over the past 30 days. Verigy has a market cap of $820.7 million and is part of the technology sector and electronics industry. Shares are up 4.9% year to date as of the close of trading on Wednesday. Verigy Ltd. provides advanced semiconductor test systems and solutions used by companies worldwide in design validation, characterization, and high-volume manufacturing test. The company has a P/E ratio of 52.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates Verigy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Verigy Ratings Report.