Faro Shares Hit 52-Week High

Shares of FARO Technologies Inc (NASDAQ: FARO) hit a new 52-week high on Friday. The stock traded as high as $33.29 during mid-day trading and last traded at $32.85. The stock previously closed at $32.60.

FARO Technologies, Inc. designs, develops, manufactures, markets and supports portable, software driven, three-dimensional (3-D) measurement and imaging systems used in a range of manufacturing, industrial, building construction and forensic applications. The Companys FaroArm, FARO Laser ScanArm and FARO Gage articulated measuring devices, the FARO Laser Scanner Photon, the FARO Laser Tracker ION, and their companion CAM2 software, provide for computer-aided design (CAD)-based inspection and/or factory-level statistical process control and high-density surveying. Together, these products integrate the measurement, quality inspection, and reverse engineering functions with CAD software. The Company uses the acronym CAM2 for this process, which stands for computer-aided measurement. As of December 31, 2009, the Companys products have been purchased by approximately 10,000 customers worldwide.

FARO Technologies Inc (NASDAQ: FARO) traded up 1.75% during mid-day trading on Friday. The stock has a 52 week low of $16.80 and a 52 week high of $32.82. Its 50-day moving average is $29.46 and its 200-day moving average is $22.98. The company has a market cap of $536.1 million and a price-to-earnings ratio of 94.49.

Source: American Banking and Market News