Movado Group Stock Hits New 52-Week High (MOV)

NEW YORK ( TheStreet) -- Movado Group (NYSE: MOV) hit a new 52-week high Friday as it is currently trading at $21.90, above its previous 52-week high of $21.89 with 22,739 shares traded as of 10:47 a.m. ET. Average volume has been 149,700 shares over the past 30 days.

Movado Group has a market cap of $335.2 million and is part of the consumer goods sector and consumer durables industry. Shares are up 18.4% year to date as of the close of trading on Thursday.

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 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, expanding profit margins, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Movado Group Ratings Report.

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