G-III Apparel Group Stock Gaps Up On Today's Open (GIII)

NEW YORK (TheStreet) -- Shares of G-III Apparel Group (Nasdaq:GIII) were gapping up Thursday morning with an open price 17.9% higher than Wednesday's closing price. The stock closed at $20.36 Wednesday and opened today's trading at $24.01.

The average volume for G-III Apparel Group has been 278,700 shares per day over the past 30 days. G-III Apparel Group has a market cap of $377.9 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 42.1% year to date as of the close of trading on Wednesday.

G-III Apparel Group, Ltd. designs, manufactures, and markets various women's and men's apparels in the United States. The company has a P/E ratio of 6.7, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates G-III Apparel Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full G-III Apparel Group Ratings Report.

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