NEW YORK ( TheStreet) -- EchoStar Corporation (Nasdaq: SATS) hit a new 52-week high Thursday as it is currently trading at $38.13, above its previous 52-week high of $38.12 with 65,201 shares traded as of 11:07 a.m. ET. Average volume has been 191,100 shares over the past 30 days.

EchoStar has a market cap of $1.4 billion and is part of the technology sector and telecommunications industry. Shares are up 51.9% year to date as of the close of trading on Wednesday.

EchoStar Corporation engages in the design, development, and distribution of digital set-top boxes and related products for direct-to-home satellite service providers. The company has a P/E ratio of 21.4, below the average telecommunications industry P/E ratio of 21.5 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates EchoStar as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full EchoStar Ratings Report.

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