Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- IPG Photonics Corporation (Nasdaq: IPGP) hit a new 52-week high Wednesday as it is currently trading at $64.84, above its previous 52-week high of $64.75 with 53,050 shares traded as of 9:59 a.m. ET. Average volume has been 618,300 shares over the past 30 days. IPG Photonics has a market cap of $3.23 billion and is part of the technology sector and electronics industry. Shares are up 86.7% year to date as of the close of trading on Tuesday. IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. The company has a P/E ratio of 24, equal to the average electronics industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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