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.
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TheStreet Ratings rates Ultratech as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, solid stock price performance 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 Ultratech Ratings Report.

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