NEW YORK ( TheStreet) -- Mercury Computer Systems (Nasdaq: MRCY) hit a new 52-week high Wednesday as it traded at $20.89 compared with its previous 52-Week high of $20.75. Mercury Computer Systems is changing hands at $20.85 with 14,000 shares traded as of 10:36 a.m. ET. Average volume has been 194,100 shares over the past 30 days.

Mercury Computer Systems has a market cap of $496 million and is part of the technology sector and computer hardware industry. Shares are up 11.2% year to date as of the close of trading on Tuesday.

Mercury Computer Systems, Inc. engages in the design, manufacture, and marketing of high-performance embedded, real-time digital signal and image processing systems and software for embedded, and other specialized commercial and defense computing markets. The company has a P/E ratio of 15.4, above the average computer hardware industry P/E ratio of 15.2 and below the S&P 500 P/E ratio of 16.1.
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TheStreet Ratings rates Mercury Computer Systems as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity and solid stock price performance. 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 Mercury Computer Systems Ratings Report.

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