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

NEW YORK ( TheStreet) -- Movado Group (NYSE: MOV) hit a new 52-week high Thursday as it is currently trading at $28.48, above its previous 52-week high of $28.39 with 68,525 shares traded as of 10:04 a.m. ET. Average volume has been 178,600 shares over the past 30 days.

Movado Group has a market cap of $495.6 million and is part of the consumer goods sector and consumer durables industry. Shares are up 53.6% year to date as of the close of trading on Wednesday.

Movado Group, Inc. designs, sources, markets, and distributes fine watches. It offers its watches under the Movado, Ebel, Concord, ESQ by Movado, Coach, HUGO BOSS, Juicy Couture, Tommy Hilfiger, Lacoste, and Ferrari brands. The company has a P/E ratio of 24.9, above the average consumer durables industry P/E ratio of 21.1 and above the S&P 500 P/E ratio of 17.7.

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, solid stock price performance, attractive valuation levels 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 Movado Group Ratings Report.

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