NEW YORK (

TheStreet

) --

Signet Jewelers

(NYSE:

SIG

) hit a new 52-week high Wednesday as it traded at $45.59 compared with its previous 52-Week high of $45.52. Signet Jewelers is changing hands at $45.55 with 415,370 shares traded as of 1:52 p.m. ET. Average volume has been 506,900 shares over the past 30 days.

Signet Jewelers has a market cap of $3.8 billion and is part of the

services

sector and

specialty retail

industry. Shares are up 2.4% year to date as of the close of trading on Tuesday.

Signet Jewelers Limited operates as a specialty jewelry retailer in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. It engages in the retail of jewelry and watches, as well as offers associated services. The company has a P/E ratio of 17.5, below the average specialty retail industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 16.1.

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TheStreet Ratings rates Signet Jewelers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full

Signet Jewelers Ratings Report

.

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