InvenSense Stock Hits New 52-Week High (INVN)

NEW YORK ( TheStreet) -- InvenSense (NYSE: INVN) hit a new 52-week high Tuesday as it is currently trading at $16.12, above its previous 52-week high of $15.96 with one million shares traded as of 11:51 a.m. ET. Average volume has been 2.1 million shares over the past 30 days.

InvenSense has a market cap of $1.34 billion and is part of the technology sector and electronics industry. Shares are up 40.2% year to date as of the close of trading on Monday.

InvenSense, Inc. designs, develops, markets, and sells micro-electro-mechanical system (MEMS) gyroscopes for motion tracking devices in consumer electronics.

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TheStreet Ratings rates InvenSense as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including premium valuation and weak operating cash flow. You can view the full InvenSense Ratings Report.

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