NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Friday as it traded at $30.03 compared with its previous 52-Week high of $30. EchoStar is changing hands at $29.88 with 247,041 shares traded as of 4 p.m. ET. Average volume has been 208,500 shares over the past 30 days. EchoStar has a market cap of $1.1 billion and is part of the technology sector and telecommunications industry. Shares are up 19.1% year to date as of the close of trading on Thursday.

EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite service providers. The company has a P/E ratio of 368.5, below the average telecommunications industry P/E ratio of 421.1 and above the S&P 500 P/E ratio of 23.5.

TheStreet Ratings rates EchoStar 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, good cash flow from operations, solid stock price performance and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full EchoStar Ratings Report.