NEW YORK (

TheStreet

) --

Pricesmart

(Nasdaq:

PSMT

) hit a new 52-week high Tuesday as it is currently trading at $62.64, above its previous 52-week high of $62.27 with 84,515 shares traded as of 10:35 a.m. ET. Average volume has been 249,400 shares over the past 30 days.

Pricesmart has a market cap of $1.7 billion and is part of the

services

sector and

retail

industry. Shares are up 62.5% year to date as of the close of trading on Monday.

PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America, and the Caribbean. The company has a P/E ratio of 27.5, below the average retail industry P/E ratio of 27.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Pricesmart as a

buy

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full

Pricesmart Ratings Report

.

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