NEW YORK ( TheStreet) -- Shares of Movado Group Inc (NYSE: MOV) were gapping up Thursday morning with an open price 11.8% higher than Wednesday's closing price. The stock closed at $15.73 Wednesday and opened today's trading at $17.58.

The average volume for Movado Group has been 112,600 shares per day over the past 30 days. Movado Group has a market cap of $271.3 million and is part of the consumer goods sector and consumer durables industry. Shares are down 2.6% year to date as of the close of trading on Wednesday.

Movado Group, Inc. designs, sources, markets, and distributes fine watches. It offers its watches under the Movado, Ebel, Concord, ESQ, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, and Lacoste brands. The company also involves in the after-sales service activities and shipping.

TheStreet Ratings rates Movado Group as a hold. 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 and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Movado Group Ratings Report.

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