NEW YORK ( TheStreet) -- Affymetrix (Nasdaq: AFFX) hit a new 52-week high Friday as it is currently trading at $7.09, above its previous 52-week high of $7.08 with 1.3 million shares traded as of 11:06 a.m. ET. Average volume has been 962,300 shares over the past 30 days.

Affymetrix has a market cap of $442.8 million and is part of the technology sector and electronics industry. Shares are up 39% year to date as of the close of trading on Thursday.

Affymetrix, Inc. engages in the development, manufacture, sale, and servicing of consumables and systems for genetic analysis in the life sciences and clinical healthcare markets.
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TheStreet Ratings rates Affymetrix as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Affymetrix Ratings Report.

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