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NEW YORK ( TheStreet) -- Ultratech (Nasdaq: UTEK) hit a new 52-week high Thursday as it traded at $26.55 compared with its previous 52-Week high of $26.50. Ultratech is changing hands at $26.36 with 136,626 shares traded as of 10:32 a.m. ET. Average volume has been 241,500 shares over the past 30 days. Ultratech has a market cap of $623.5 million and is part of the technology sector and electronics industry. Shares are up 27.5% year to date as of the close of trading on Wednesday. Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 37.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.2.