Analogic Reaches New 52-Week High (ALOG)

NEW YORK ( TheStreet) -- Analogic Corporation (Nasdaq: ALOG) hit a new 52-week high Monday as it is currently trading at $65.91, above its previous 52-week high of $65.90 with 24,691 shares traded as of 1:59 p.m. ET. Average volume has been 61,000 shares over the past 30 days.

Analogic has a market cap of $702.8 million and is part of the technology sector and electronics industry. Shares are up 12.6% year to date as of the close of trading on Friday.

Analogic Corporation, a technology company, designs, manufactures, and sells medical imaging and security systems, and subsystems to original equipment manufacturers and end users primarily in the healthcare and airport security markets worldwide. The company has a P/E ratio of 26, below the average electronics industry P/E ratio of 37.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Analogic 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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Analogic Ratings Report.

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