Pricesmart Reaches New 52-Week High (PSMT)

NEW YORK ( TheStreet) -- Pricesmart (Nasdaq: PSMT) hit a new 52-week high Tuesday as it is currently trading at $78.83, above its previous 52-week high of $78.71 with 193,364 shares traded as of 1:25 p.m. ET. Average volume has been 291,600 shares over the past 30 days.

Pricesmart has a market cap of $2.27 billion and is part of the services sector and retail industry. Shares are up 8.3% year to date as of the close of trading on Monday.

PriceSmart, Inc. owns and operates membership shopping warehouse clubs in the United States, Latin America, and the Caribbean. The company has a P/E ratio of 36.5, above the average retail industry P/E ratio of 35.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Pricesmart as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Pricesmart Ratings Report.

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