TTM Technologies (Nasdaq:TTMI) hit a new 52-week high Friday as it changed hands at $18.61 compared with its previous 52-week high of $18.50. TTM is currently trading at $18.56 with 1.1 million shares changing hands as of 12:47 p.m..
NEW YORK ( TheStreet) -- TTM Technologies (Nasdaq: TTMI) hit a new 52-week high Friday as it traded at $18.61 compared with its previous 52-Week high of $18.50. TTM is changing hands at $18.56 with 1.1 million shares traded as of 12:47 p.m. ET. Average volume has been 666,600 shares over the past 30 days. TTM has a market cap of $1.4 billion and is part of the technology sector and electronics industry. Shares are up 21.6% year to date as of the close of trading on Thursday. TTM Technologies, Inc. manufactures printed circuit boards, and provides backplane and sub-system assembly services in the United States and internationally. The company has a P/E ratio of 28.6, below the average electronics industry P/E ratio of 31.1 and above the S&P 500 P/E ratio of 23.5. TheStreet Ratings rates TTM as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full TTM Ratings Report.