Pricesmart Stock Hits New 52-Week High (PSMT)

NEW YORK ( TheStreet) -- Pricesmart (Nasdaq: PSMT) hit a new 52-week high Friday as it is currently trading at $81.55, above its previous 52-week high of $81.36 with 94,970 shares traded as of 12:05 p.m. ET. Average volume has been 300,600 shares over the past 30 days.

Pricesmart has a market cap of $2.38 billion and is part of the services sector and retail industry. Shares are up 14.1% year to date as of the close of trading on Thursday.

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 37.5, above the average retail industry P/E ratio of 37.4 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, good cash flow from operations and solid stock price performance. 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.

See all 52-week high stocks or get investment ideas from our investment research center.

null

More from Markets

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

REPLAY: Jim Cramer on How to Navigate the Stock Market Amid Tariff Worries

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

Global Markets Hit Hard; AMC Entertainment Sells Stake in Ad Unit -- ICYMI

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

CVS, Walgreens and Citigroup: Cramer's 'Off the Charts'

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

Jim Cramer: 4 Stocks Could Get Throttled By a 'Knock Down Drag Out' With China

General Electric Booted From Dow, Replaced by Walgreens

General Electric Booted From Dow, Replaced by Walgreens