Fred's Reaches New 52-Week High (FRED)

NEW YORK ( TheStreet) -- Fred's (Nasdaq: FRED) hit a new 52-week high Monday as it is currently trading at $14.92, above its previous 52-week high of $14.89 with 10,184 shares traded as of 9:50 a.m. ET. Average volume has been 299,100 shares over the past 30 days.

Fred's has a market cap of $544.8 million and is part of the services sector and retail industry. Shares are up 1.2% year to date as of the close of trading on Friday.

Fred's, Inc. and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States. The company has a P/E ratio of 17.9, equal to the average retail industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fred's as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, good cash flow from operations and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Fred's Ratings Report.

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