Garmin Stock Hits New 52-Week High (GRMN)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Thursday as it is currently trading at $43.06, above its previous 52-week high of $42.73 with 181,709 shares traded as of 10:10 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.
Garmin has a market cap of $8.07 billion and is part of the
sector and
industry. Shares are up 6.7% year to date as of the close of trading on Wednesday.
Garmin Ltd., through its subsidiaries, designs, develops, manufactures, and markets global positioning system (GPS) enabled products and other navigation, communication, and information products worldwide. The company has a P/E ratio of 16.7, equal to the average electronics industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Garmin as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
.
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