NEW YORK ( TheStreet) -- MKS Instruments (Nasdaq: MKSI) hit a new 52-week high Thursday as it traded at $31.89 compared with its previous 52-Week high of $31.42. MKS Instruments is changing hands at $31.66 with 67,194 shares traded as of 10:07 a.m. ET. Average volume has been 393,600 shares over the past 30 days.

MKS Instruments has a market cap of $1.5 billion and is part of the industrial goods sector and industrial industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.

MKS Instruments, Inc., together with its subsidiaries, provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze parameters of manufacturing processes worldwide. The company has a P/E ratio of 11.4, above the average industrial industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates MKS Instruments 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full MKS Instruments Ratings Report.

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