NEW YORK ( TheStreet) -- II-VI (Nasdaq: IIVI) hit a new 52-week high Tuesday as it is currently trading at $52.88, above its previous 52-week high of $52.40 with 162,724 shares traded as of 9:37 a.m. ET. Average volume has been 140,900 shares over the past 30 days.

II-VI has a market cap of $1.5 billion and is part of the technology sector and electronics industry. Shares are down 1.3% year to date as of the close of trading on Monday.

II-VI Incorporated develops, manufactures, and markets high-technology materials and derivative precision components and products worldwide. The company has a P/E ratio of 23.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates II-VI as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. 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 II-VI Ratings Report.

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