NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Thursday as it traded at $33.80 compared with its previous 52-Week high of $33.60. EchoStar is changing hands at $33.76 with 457,786 shares traded as of 3:02 p.m. ET. Average volume has been 265,000 shares over the past 30 days. EchoStar has a market cap of $1.2 billion and is part of the technology sector and telecommunications industry. Shares are up 26% year to date as of the close of trading on Wednesday. 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 402, below the average telecommunications industry P/E ratio of 459.4 and above the S&P 500 P/E ratio of 22.7. 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. See all 52-week high stocks or get investment ideas from our investment research center.
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