FEI Reaches New 52-Week High (FEIC)

NEW YORK ( TheStreet) -- FEI Company (Nasdaq: FEIC) hit a new 52-week high Thursday as it is currently trading at $44.85, above its previous 52-week high of $44.76 with 40,975 shares traded as of 10:50 a.m. ET. Average volume has been 341,200 shares over the past 30 days.

FEI has a market cap of $1.64 billion and is part of the technology sector and electronics industry. Shares are up 9.3% year to date as of the close of trading on Wednesday.

FEI Company supplies instruments for nanoscale imaging, analysis, and prototyping that enable research, development, and manufacturing in industrial, academic, and research institutional applications. The company has a P/E ratio of 18.8, below the average electronics industry P/E ratio of 18.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates FEI as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full FEI Ratings Report.

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