Skechers USA Stock Hits New 52-Week Low (SKX)

NEW YORK ( TheStreet) -- Skechers USA (NYSE: SKX) hit a new 52-week low Monday as it is currently trading at $13.24, below its previous 52-week low of $13.29 with 692,747 shares traded as of 1:10 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Skechers USA has a market cap of $569.9 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 29.8% year to date as of the close of trading on Friday.

Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. The company has a P/E ratio of 34.3, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Skechers USA as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Skechers USA Ratings Report.

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