Ultratech Stock Hits New 52-Week High (UTEK)

NEW YORK ( TheStreet) -- Ultratech (Nasdaq: UTEK) hit a new 52-week high Tuesday as it is currently trading at $33.29, above its previous 52-week high of $33.19 with 79,708 shares traded as of 1 p.m. ET. Average volume has been 213,700 shares over the past 30 days.

Ultratech has a market cap of $813 million and is part of the technology sector and electronics industry. Shares are up 29.9% year to date as of the close of trading on Monday.

Ultratech, Inc. develops, manufactures, and markets photolithography and laser thermal processing equipment. The company has a P/E ratio of 20, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Ultratech 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, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 Ultratech Ratings Report.

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