NEW YORK ( TheStreet) -- Cognex Corporation (Nasdaq: CGNX) hit a new 52-week high Tuesday as it is currently trading at $40.85, above its previous 52-week high of $40.84 with 33,576 shares traded as of 10:05 a.m. ET. Average volume has been 226,400 shares over the past 30 days. Cognex has a market cap of $1.69 billion and is part of the technology sector and electronics industry. Shares are up 11.9% year to date as of the close of trading on Friday. Cognex Corporation and its subsidiaries provide machine vision products that capture and analyze visual information to automate tasks, primarily in manufacturing processes. It operates in two divisions, Modular Vision Systems and Surface Inspection Systems. The company has a P/E ratio of 24.1, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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