NEW YORK ( TheStreet) -- Elizabeth Arden (Nasdaq: RDEN) is trading at unusually high volume Thursday with 1.1 million shares changing hands. It is currently at six times its average daily volume and trading up $1.16 (+3.1%) at $38.13 as of 3:45 p.m. ET. Elizabeth Arden has a market cap of $1.06 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are down 0.2% year to date as of the close of trading on Wednesday. Elizabeth Arden, Inc., a beauty products company, engages in the manufacture, distribution, marketing, and sale of fragrances, skin care, and cosmetic products to retailers and other outlets worldwide. The company has a P/E ratio of 23.2, below the average consumer non-durables industry P/E ratio of 23.4 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Elizabeth Arden 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, compelling growth in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Elizabeth Arden Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.