NEW YORK ( TheStreet) -- Measurement Specialties (Nasdaq: MEAS) hit a new 52-week high Thursday as it is currently trading at $35.23, above its previous 52-week high of $35.22 with 31,460 shares traded as of 2:01 p.m. ET. Average volume has been 89,900 shares over the past 30 days.

Measurement Specialties has a market cap of $498.8 million and is part of the technology sector and electronics industry. Shares are up 16.5% year to date as of the close of trading on Wednesday.

Measurement Specialties, Inc. engages in the design, development, and manufacture of sensors and sensor-based systems for original equipment manufacturers and end users. The company has a P/E ratio of 21.1, above the average electronics industry P/E ratio of 21 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Measurement Specialties as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Measurement Specialties Ratings Report.

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