ATMI Reaches New 52-Week High (ATMI)

NEW YORK ( TheStreet) -- ATMI (Nasdaq: ATMI) hit a new 52-week high Wednesday as it is currently trading at $23, above its previous 52-week high of $22.78 with 35,343 shares traded as of 9:58 a.m. ET. Average volume has been 150,700 shares over the past 30 days.

ATMI has a market cap of $700.2 million and is part of the technology sector and electronics industry. Shares are up 12.4% year to date as of the close of trading on Tuesday.

ATMI, Inc. supplies high-performance materials, materials packaging, and materials delivery systems with applications in the semiconductor, flat-panel display, and in the life sciences industries worldwide. The company has a P/E ratio of 17.4, above the average electronics industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ATMI as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ATMI Ratings Report.

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