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NEW YORK ( TheStreet) -- Ultratech (Nasdaq: UTEK) hit a new 52-week high Friday as it is currently trading at $33.42, above its previous 52-week high of $33.03 with 128,921 shares traded as of 10:42 a.m. ET. Average volume has been 310,400 shares over the past 30 days. Ultratech has a market cap of $811 million and is part of the technology sector and electronics industry. Shares are up 63.3% year to date as of the close of trading on Thursday. Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 36.2, above the average electronics industry P/E ratio of 35.8 and above the S&P 500 P/E ratio of 17.7.