NEW YORK ( TheStreet) -- Faro Technologies (Nasdaq: FARO) hit a new 52-week high Monday as it is currently trading at $58.48, above its previous 52-week high of $58.41 with 121,172 shares traded as of 2:40 p.m. ET. Average volume has been 97,000 shares over the past 30 days. Faro has a market cap of $923.6 million and is part of the technology sector and electronics industry. Shares are up 17.2% year to date as of the close of trading on Friday. 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 48.8, below the average electronics industry P/E ratio of 49.2 and above the S&P 500 P/E ratio of 17.7.
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