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NEW YORK ( TheStreet) -- Faro Technologies (Nasdaq: FARO) hit a new 52-week high Tuesday as it is currently trading at $45.48, above its previous 52-week high of $45.42 with 87,712 shares traded as of 3:46 p.m. ET. Average volume has been 104,100 shares over the past 30 days. Faro has a market cap of $720.9 million and is part of the technology sector and electronics industry. Shares are up 34.3% year to date as of the close of trading on Friday. 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. The company has a P/E ratio of 58.8, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.