NEW YORK ( TheStreet) -- GT Solar International (Nasdaq: SOLR) hit a new 52-week high Thursday as it is currently trading at $16.35, above its previous 52-week high of $16.31 with 1.4 million shares traded as of 10:27 a.m. ET. Average volume has been 4.3 million shares over the past 30 days.

GT Solar International has a market cap of $2 billion and is part of the technology sector and electronics industry. Shares are up 72.6% year to date as of the close of trading on Wednesday.

GT Solar International, Inc. provides polysilicon production technology and multicrystalline ingot growth systems, and related photovoltaic (PV) manufacturing services for the solar industry worldwide. It also offers sapphire growth systems and material for the LED and other specialty markets. The company has a P/E ratio of 13, 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 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 GT Solar International Ratings Report.

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