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NEW YORK ( TheStreet) -- Cognex Corporation (Nasdaq: CGNX) hit a new 52-week high Friday as it is currently trading at $41.52, above its previous 52-week high of $41.49 with 61,019 shares traded as of 11:42 a.m. ET. Average volume has been 223,000 shares over the past 30 days. Cognex has a market cap of $1.74 billion and is part of the technology sector and electronics industry. Shares are up 14.2% year to date as of the close of trading on Thursday. 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 24.6, below the average electronics industry P/E ratio of 24.8 and above the S&P 500 P/E ratio of 17.7.