G-III Apparel Group Stock Gaps Up On Today's Open (GIII)
Shares of G-III Apparel Group (Nasdaq:GIII) were gapping up Thursday morning with an open price 17.9% higher than Wednesday's closing price. The stock closed at $20.36 yesterday and opened today's trading at $24.01.
NEW YORK ( TheStreet) -- Shares of G-III Apparel Group (Nasdaq: GIII) were gapping up Thursday morning with an open price 17.9% higher than Wednesday's closing price. The stock closed at $20.36 Wednesday and opened today's trading at $24.01. The average volume for G-III Apparel Group has been 278,700 shares per day over the past 30 days. G-III Apparel Group has a market cap of $377.9 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 42.1% year to date as of the close of trading on Wednesday. G-III Apparel Group, Ltd. designs, manufactures, and markets various women's and men's apparels in the United States. The company has a P/E ratio of 6.7, equal to the average consumer non-durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates G-III Apparel Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full G-III Apparel Group Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.