NEW YORK ( TheStreet) -- Fossil (Nasdaq: FOSL) is trading at unusually high volume Tuesday with 4.8 million shares changing hands. It is currently at four times its average daily volume and trading up $7.09 (+6.8%) at $111.59 as of 12 p.m. ET. Fossil has a market cap of $5.76 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 31.7% year to date as of the close of trading on Monday. Fossil, Inc. designs, develops, markets, and distributes fashion accessories worldwide. The company has a P/E ratio of 24, above the average consumer durables industry P/E ratio of 22 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Fossil as a buy. 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, notable return on equity, solid stock price performance and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Fossil 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.