NEW YORK (

TheStreet

) --

J.C. Penney

(NYSE:

JCP

) hit a new 52-week high Friday as it is currently trading at $41.37, above its previous 52-week high of $41.24 with 13.8 million shares traded as of 2:10 p.m. ET. Average volume has been 3.8 million shares over the past 30 days.

J.C. Penney has a market cap of $7.39 billion and is part of the

services

sector and

retail

industry. Shares are up 15.8% year to date as of the close of trading on Thursday.

J. C. Penney Company, Inc., through its subsidiary, J. C. Penney Corporation, Inc., operates department stores in the United States and Puerto Rico. The company sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products, and home furnishings. The company has a P/E ratio of 43.4, above the average retail industry P/E ratio of 42.7 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates J.C. Penney as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

J.C. Penney Ratings Report

.

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