Shares of Skechers USA (NYSE:SKX) were gapping up Thursday morning with an open price 18.6% higher than Wednesday's closing price. The stock closed at $14.92 yesterday and opened today's trading at $17.69.
NEW YORK ( TheStreet) -- Shares of Skechers USA (NYSE: SKX) were gapping up Thursday morning with an open price 18.6% higher than Wednesday's closing price. The stock closed at $14.92 Wednesday and opened today's trading at $17.69. The average volume for Skechers USA has been 829,100 shares per day over the past 30 days. Skechers USA has a market cap of $573.5 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 23.1% year to date as of the close of trading on Wednesday. Skechers U.S.A., Inc. engages in the design, development, marketing, and distribution of footwear for men, women, and children in the United States and internationally. TheStreet Ratings rates Skechers USA as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Skechers USA Ratings Report. Get more investment ideas from our investment research center.