NEW YORK ( TheStreet) -- Faro Technologies (Nasdaq: FARO) hit a new 52-week high Thursday as it is currently trading at $44.40, above its previous 52-week high of $44.01 with 52,375 shares traded as of 12:50 p.m. ET. Average volume has been 98,200 shares over the past 30 days. Faro has a market cap of $681.5 million and is part of the technology sector and electronics industry. FARO Technologies, Inc. designs, develops, manufactures, markets, and supports portable, software driven, three-D measurement systems used in a range of manufacturing, industrial, building construction, and forensic applications.
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TheStreet Ratings rates Faro 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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Faro Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.