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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