NEW YORK ( TheStreet) -- 99 Cents Only Stores (NYSE: NDN) hit a new 52-week high Thursday as it is currently trading at $21.42, above its previous 52-week high of $21.41 with 2.2 million shares traded as of 11:15 a.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Ninety-nine Cents Only Stores has a market cap of $1.5 billion and is part of the services sector and retail industry. Shares are up 34.2% year to date as of the close of trading on Wednesday.

Ninety-nine Only Stores engages in the retail sale of consumable general merchandise with focus on name-brand products. Its stores offer a range of consumer goods, and closeout merchandise. The company has a P/E ratio of 20.2, above the average retail industry P/E ratio of 20 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates 99 Cents Only Stores 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, growth in earnings per share, increase in net income and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full 99 Cents Only Stores Ratings Report.

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