NEW YORK (

TheStreet

) --

Luxottica Group S.p.A

(NYSE:

LUX

) hit a new 52-week high Wednesday as it traded at $32.63 compared with its previous 52-Week high of $32.60. Luxottica Group S.p.A is changing hands at $32.61 with 124,452 shares traded as of 12:29 p.m. ET. Average volume has been 112,200 shares over the past 30 days.

Luxottica Group S.p.A has a market cap of $14.5 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 4.3% year to date as of the close of trading on Tuesday.

Luxottica Group S.p.A. and its subsidiaries design, manufacture, and distribute luxury, fashion, and sport/performance eyewear worldwide. It operates in two segments: Manufacturing and Wholesale Distribution, and Retail Distribution. The company has a P/E ratio of 27.8, below the average specialty retail industry P/E ratio of 28.5 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Luxottica Group S.p.A as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, expanding profit margins, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Luxottica Group S.p.A Ratings Report

.

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