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NEW YORK ( TheStreet) -- Measurement Specialties (Nasdaq: MEAS) hit a new 52-week high Thursday as it traded at $34.23 compared with its previous 52-Week high of $33.79. Measurement Specialties is changing hands at $34.08 with 39,690 shares traded as of 3:40 p.m. ET. Average volume has been 99,800 shares over the past 30 days. Measurement Specialties has a market cap of $495.9 million and is part of the technology sector and electronics industry. Shares are up 14% year to date as of the close of trading on Wednesday. Measurement Specialties, Inc. engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. The company has a P/E ratio of 21, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.2.