NEW YORK (
) is trading at unusually high volume Thursday with 8.8 million shares changing hands. It is currently at four times its average daily volume and trading up $4.22 (+15.8%) at $30.98 as of 2:56 p.m. ET.
Crocs has a market cap of $2.3 billion and is part of the
industry. Shares are up 56.3% year to date as of the close of trading on Wednesday.
Crocs, Inc. and its subsidiaries engage in the design, development, manufacture, marketing, and distribution of footwear, apparel, and accessories for men, women, and children. The company primarily offers casual and athletic shoes, and shoe charms. The company has a P/E ratio of 29.2, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Crocs as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full
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