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NEW YORK ( TheStreet) -- Faro Technologies (Nasdaq: FARO) hit a new 52-week high Wednesday as it traded at $37.96 compared with its previous 52-Week high of $37.95. Faro is changing hands at $37.90 with 21,393 shares traded as of 11:45 a.m. ET. Average volume has been 86,000 shares over the past 30 days. Faro has a market cap of $599 million and is part of the technology sector and electronics industry. Shares are up 14.1% year to date as of the close of trading on Tuesday. FARO Technologies, Inc. designs, develops, manufactures, markets, and supports portable, software driven, three-D measurement systems used in a range of manufacturing, industrial, building construction, and forensic applications. The company has a P/E ratio of 54.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.1.