NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Friday as it traded at $37.18 compared with its previous 52-Week high of $37.03. EchoStar is changing hands at $36.71 with 11,111 shares traded as of 10:06 a.m. ET. Average volume has been 334,000 shares over the past 30 days.

EchoStar has a market cap of $1.3 billion and is part of the technology sector and telecommunications industry. Shares are up 43.5% 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 14.7, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 16.
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TheStreet Ratings rates EchoStar as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full EchoStar Ratings Report.

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