NEW YORK ( TheStreet) -- GT Solar International (Nasdaq: SOLR) hit a new 52-week high Friday as it is currently trading at $13.37, above its previous 52-week high of $13.35 with 6.2 million shares traded as of 12:12 p.m. ET. Average volume has been 3.5 million shares over the past 30 days.

GT Solar International has a market cap of $1.5 billion and is part of the technology sector and electronics industry. Shares are up 31.9% year to date as of the close of trading on Thursday.

GT Solar International, Inc. engages in the design and manufacture of manufacturing equipment; and provision of services for the production of photovoltaic (PV), wafer, cell and module, and polysilicon products worldwide. The company has a P/E ratio of 9.8, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates GT Solar International as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. 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 GT Solar International Ratings Report.

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