NEW YORK ( TheStreet) -- Comtech Telecommunications Corporation (Nasdaq: CMTL) hit a new 52-week high Friday as it is currently trading at $34.09, above its previous 52-week high of $34.08 with 65,304 shares traded as of 12:13 p.m. ET. Average volume has been 452,200 shares over the past 30 days.

Comtech Telecommunications has a market cap of $774.5 million and is part of the technology sector and telecommunications industry. Shares are up 20.3% year to date as of the close of trading on Thursday.

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions in the United States and internationally. The company has a P/E ratio of 14.9, equal to the average telecommunications industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Comtech Telecommunications as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Comtech Telecommunications Ratings Report.

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