ASML Stock Hits New 52-Week High (ASML)

NEW YORK ( TheStreet) -- ASML (Nasdaq: ASML) hit a new 52-week high Thursday as it is currently trading at $86.35, above its previous 52-week high of $84.58 with 95,084 shares traded as of 9:36 a.m. ET. Average volume has been 1.7 million shares over the past 30 days.

ASML has a market cap of $33.44 billion and is part of the technology sector and electronics industry. Shares are up 27.6% year to date as of the close of trading on Wednesday.

ASML Holding NV engages in designing, manufacturing, marketing, and servicing semiconductor processing equipment used in the fabrication of integrated circuits or chips worldwide.

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TheStreet Ratings rates ASML as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, increase in stock price during the past year, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full ASML Ratings Report.

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