J.C. Penney Stock Hits New 52-Week High (JCP)
NEW YORK (
) --
(NYSE:
) hit a new 52-week high Tuesday as it is currently trading at $42.33, above its previous 52-week high of $42.29 with 4.8 million shares traded as of 2:05 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
sector and
industry. Shares are up 17.4% year to date as of the close of trading on Monday.
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 52, 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
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, solid stock price performance and expanding profit margins. 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
.
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