NEW YORK ( TheStreet) -- Rofin-Sinar Technologies Incorporated (Nasdaq: RSTI) hit a new 52-week high Monday as it traded at $41.28 compared with its previous 52-Week high of $41.15. Rofin-Sinar is changing hands at $41.06 with 88,613 shares traded as of 9:47 a.m. ET. Average volume has been 198,700 shares over the past 30 days. Rofin-Sinar has a market cap of $1.1 billion and is part of the technology sector and electronics industry. Shares are up 12% year to date as of the close of trading on Friday. Rofin-Sinar Technologies Inc. engages in the design, development, engineering, manufacture, and marketing of industrial lasers and supplies used for material processing applications in North America, Europe, and Asia. The company has a P/E ratio of 28.4, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 21.9. TheStreet Ratings rates Rofin-Sinar 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Rofin-Sinar Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.