NEW YORK ( TheStreet) -- 99 Cents Only Stores (NYSE: NDN) hit a new 52-week high Friday as it is currently trading at $21.71, above its previous 52-week high of $21.68 with 2.1 million shares traded as of 3:56 p.m. ET. Average volume has been 1.7 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 35.4% year to date as of the close of trading on Thursday. 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 20.4, above the average retail industry P/E ratio of 20.2 and above the S&P 500 P/E ratio of 17.7.
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