ASML Stock Hits New 52-Week High (ASML)

NEW YORK ( TheStreet) -- ASML (Nasdaq: ASML) hit a new 52-week high Thursday as it is currently trading at $47.79, above its previous 52-week high of $47.77 with 238,951 shares traded as of 10:05 a.m. ET. Average volume has been 2.4 million shares over the past 30 days.

ASML has a market cap of $18.99 billion and is part of the technology sector and electronics industry. Shares are up 13.9% year to date as of the close of trading on Wednesday.

ASML Holding N.V., through its subsidiaries, engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits. The company has a P/E ratio of 64.3, above the average electronics industry P/E ratio of 9.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full ASML Ratings Report.

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