Himax Stock Hits New 52-Week High (HIMX)

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) -- Himax Technologies (Nasdaq: HIMX) hit a new 52-week high Wednesday as it is currently trading at $7.20, above its previous 52-week high of $7.10 with one million shares traded as of 9:41 a.m. ET. Average volume has been 4.5 million shares over the past 30 days.

Himax has a market cap of $1.09 billion and is part of the technology sector and electronics industry. Shares are up 168.3% year to date as of the close of trading on Tuesday.

Himax Technologies, Inc., together with its subsidiaries, designs, develops, and markets semiconductors for flat panel displays. The company has a P/E ratio of 20.1, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Himax 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. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Himax Ratings Report.

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