Elizabeth Arden Stock Hits New 52-Week High (RDEN)

NEW YORK ( TheStreet) -- Elizabeth Arden (Nasdaq: RDEN) hit a new 52-week high Wednesday as it is currently trading at $39.97, above its previous 52-week high of $39.96 with 162,364 shares traded as of 3:13 p.m. ET. Average volume has been 206,000 shares over the past 30 days.

Elizabeth Arden has a market cap of $1.07 billion and is part of the consumer goods sector and consumer non-durables industry. Shares are up 6.7% year to date as of the close of trading on Tuesday.

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 21.8, above the average consumer non-durables industry P/E ratio of 20.6 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, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Elizabeth Arden Ratings Report.

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