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NEW YORK ( TheStreet) -- Faro Technologies (Nasdaq: FARO) hit a new 52-week high Tuesday as it is currently trading at $49.47, above its previous 52-week high of $49.45 with 78,327 shares traded as of 4 p.m. ET. Average volume has been 78,900 shares over the past 30 days. Faro has a market cap of $781.7 million and is part of the technology sector and electronics industry. Shares are up 5.1% year to date as of the close of trading on Monday. Faro Technologies, Inc. designs, develops, manufactures, markets, and supports software-based three-dimensional measurement and imaging systems for manufacturing, industrial, building construction, and forensic applications in the Americas, Europe, Africa, and the Asia Pacific. The company has a P/E ratio of 41.6, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.