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NEW YORK ( TheStreet) -- Coherent (Nasdaq: COHR) hit a new 52-week high Thursday as it is currently trading at $62.87, above its previous 52-week high of $62.84 with 140,331 shares traded as of 3:01 p.m. ET. Average volume has been 168,900 shares over the past 30 days. Coherent has a market cap of $1.5 billion and is part of the technology sector and electronics industry. Shares are up 36.3% year to date as of the close of trading on Wednesday. Coherent, Inc. provides photonics-based solutions for commercial and scientific research applications worldwide. It engages in the design, manufacture, servicing, and marketing of lasers, precision optics, and related accessories. The company has a P/E ratio of 28.8, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 16.9.