Pricesmart Stock Hits New 52-Week High (PSMT)

NEW YORK ( TheStreet) -- Pricesmart (Nasdaq: PSMT) hit a new 52-week high Wednesday as it is currently trading at $75.28, above its previous 52-week high of $75.16 with 231,318 shares traded as of 2:10 p.m. ET. Average volume has been 321,500 shares over the past 30 days.

Pricesmart has a market cap of $2.2 billion and is part of the services sector and retail industry. Shares are up 91.6% year to date as of the close of trading on Tuesday.

PriceSmart, Inc. owns and operates warehouse clubs in the United States, Latin America, and the Caribbean. The company has a P/E ratio of 34.7, below the average retail industry P/E ratio of 34.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Pricesmart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Pricesmart Ratings Report.

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