NEW YORK ( TheStreet) -- Gildan Activewear (NYSE: GIL) hit a new 52-week high Wednesday as it is currently trading at $36.79, above its previous 52-week high of $36.09 with 339,420 shares traded as of 10:31 a.m. ET. Average volume has been 521,300 shares over the past 30 days.

Gildan Activewear has a market cap of $4.3 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 25.2% year to date as of the close of trading on Tuesday.

Gildan Activewear Inc. manufactures and sells T-shirts, activewear, underwear, and socks to wholesale screen printers, embroiderers, and retailers in North America, Europe, and internationally. It sells T-shirts, fleece, and sport shirts under the Gildan brand name. The company has a P/E ratio of 21, below the average consumer non-durables industry P/E ratio of 21.1 and above the S&P 500 P/E ratio of 16.3.
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TheStreet Ratings rates Gildan Activewear as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Gildan Activewear Ratings Report.

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