NEW YORK (
) hit a new 52-week high Wednesday as it is currently trading at $5.16, above its previous 52-week high of $5.15 with 843,022 shares traded as of 11:40 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Wet Seal has a market cap of $454.2 million and is part of the
industry. Shares are up 35.4% year to date as of the close of trading on Tuesday.
The Wet Seal, Inc., a specialty retailer, operates stores that sell fashionable and contemporary apparel and accessory items designed for female customers. The company operates primarily two mall-based chains of retail stores under the Wet Seal and Arden B names. The company has a P/E ratio of 29.5, above the average retail industry P/E ratio of 27.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Wet Seal 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, revenue growth, increase in net income, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full
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