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GSI Group (NASDAQ:GSIG) shares hit a new 52-week high during mid-day trading on Tuesday , StockRatingsNetwork reports. The company traded as high as $11.75 and last traded at $11.75, with a volume of 33,946 shares trading hands. The stock had previously closed at $11.34.

The stock has a 50-day moving average of $11.01 and a 200-day moving average of $9.99. The company has a market cap of $398.0 million and a P/E ratio of 20.47.

GSI Group Inc designs, develops, manufactures and sells laser-based solutions, laser scanning devices, and precision motion and optical control technologies.

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