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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.