NEW YORK ( TheStreet) -- MKS Instruments (Nasdaq: MKSI) hit a new 52-week high Friday as it traded at $32.38 compared with its previous 52-Week high of $32.25. MKS Instruments is changing hands at $32.25 with 30,992 shares traded as of 10:08 a.m. ET. Average volume has been 430,900 shares over the past 30 days.

MKS Instruments has a market cap of $1.6 billion and is part of the industrial goods sector and industrial industry. Shares are up 26.3% year to date as of the close of trading on Thursday.

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 11.9, above the average industrial industry P/E ratio of 11.1 and below the S&P 500 P/E ratio of 16.
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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 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 MKS Instruments Ratings Report.

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