NEW YORK ( TheStreet) -- Nova Measuring Instruments (Nasdaq: NVMI) hit a new 52-week high Monday as it is currently trading at $11.51, above its previous 52-week high of $11.44 with 715,753 shares traded as of 1:57 p.m. ET. Average volume has been 310,800 shares over the past 30 days.

Nova Measuring Instruments has a market cap of $269.4 million and is part of the industrial goods sector and industrial industry. Shares are up 29.5% year to date as of the previous trading day's close.

Nova Measuring Instruments Ltd. engages in the design, development, production, and sale of integrated process control metrology systems and stand-alone metrology systems for the semiconductor manufacturing industry. The company has a P/E ratio of 9.8, below the average industrial industry P/E ratio of 12 and below the S&P 500 P/E ratio of 16.7.
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TheStreet Ratings rates Nova Measuring Instruments 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, notable return on equity, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Nova Measuring Instruments Ratings Report.

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