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Cognex (NASDAQ:CGNX) shares hit a new 52-week high on Thursday , American Banking News.com reports. The company traded as high as $40.60 and last traded at $40.25, with a volume of 386,518 shares changing hands. The stock had previously closed at $39.48.

The stock’s 50-day moving average is $36.55 and its 200-day moving average is $36.39. The company has a market cap of $3.502 billion and a P/E ratio of 45.91.

Cognex (NASDAQ:CGNX) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.01. The company had revenue of $90.90 million for the quarter, compared to the consensus estimate of $91.15 million. On average, analysts predict that Cognex will post $1.15 EPS for the current fiscal year.

Cognex Corporation (NASDAQ:CGNX) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required.

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