NEW YORK ( TheStreet) -- Ultratech (Nasdaq: UTEK) hit a new 52-week high Thursday as it is currently trading at $29.80, above its previous 52-week high of $29.66 with 846,401 shares traded as of 11:32 a.m. ET. Average volume has been 262,700 shares over the past 30 days. Ultratech has a market cap of $627.5 million and is part of the technology sector and electronics industry. Shares are up 25.9% 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 37.3, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.4.
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