NEW YORK ( TheStreet) -- True Religion Apparel (Nasdaq: TRLG) is trading at unusually high volume Friday with 1.4 million shares changing hands. It is currently at four times its average daily volume and trading up $2.91 (+13.8%) at $23.97 as of 11:17 a.m. ET.

True Religion has a market cap of $525.7 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 5.4% year to date as of the close of trading on Thursday.

True Religion Apparel, Inc. engages in the design, development, manufacture, marketing, distribution, and sale of apparel in North and South Americas, Asia, Africa, Europe, and Australia. The company offers fashion jeans and related sportswear apparel. The company has a P/E ratio of 12.2, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 22.6.

TheStreet Ratings rates True Religion as a buy. 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, attractive valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full True Religion Ratings Report.

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