NASDAQ Stocks Hitting 52-Week Highs (GTEC, SIMO, ERIC, DUSA)

Global Defense Technology & Systems Inc GTEC shares jumped 50.45% to create a new 52-week high of $24.19. GTEC entered into an agreement to be purchased by an affiliate of Ares Management LLC. Silicon Motion Technology Corp SIMO shares gained 3.60% to touch a new 52-week high of $9.49. SIMO's PEG ratio is 0.48. LM Ericsson Telephone Company ERIC shares rose 4.41% to create a new 52-week high of $13.03. Analysts at UBS upgraded ERIC from “neutral” to “buy” and lifted target price for ERIC from $12.61 to $14.98. DUSA Pharmaceuticals Inc DUSA shares jumped 25.63% to $4.02 to create a new 52-week high. DUSA reported a 45% y/y surge in its Q4 domestic PDT revenue. Read more from Benzinga's Markets.