NEW YORK ( TheStreet) -- Rofin-Sinar Technologies Incorporated (Nasdaq: RSTI) hit a new 52-week high Tuesday as it is currently trading at $41.29, above its previous 52-week high of $41.28 with 131,585 shares traded as of 11:31 a.m. ET. Average volume has been 191,400 shares over the past 30 days. Rofin-Sinar has a market cap of $1.1 billion and is part of the technology sector and electronics industry. Shares are up 3.8% year to date as of the close of trading on Monday. Rofin-Sinar Technologies Inc. engages in the design, development, engineering, manufacture, and marketing of industrial lasers and supplies used for material processing applications in North America, Europe, and Asia. The company has a P/E ratio of 27.5, 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 Rofin-Sinar 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, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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 Rofin-Sinar Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.