NEW YORK ( TheStreet) -- Luxottica Group S.p.A (NYSE: LUX) hit a new 52-week high Tuesday as it traded at $31.97 compared with its previous 52-Week high of $31.63. Luxottica Group S.p.A is changing hands at $31.97 with 4,500 shares traded as of 9:31 a.m. ET. Average volume has been 114,000 shares over the past 30 days.

Luxottica Group S.p.A has a market cap of $14.1 billion and is part of the services sector and specialty retail industry. Shares are up 1.6% year to date as of the close of trading on Monday.

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, below the average specialty retail industry P/E ratio of 45.1 and above the S&P 500 P/E ratio of 21.8.

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, solid stock price performance, reasonable valuation levels, increase in net income and good cash flow from operations. 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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