NEW YORK ( TheStreet) -- True Religion Apparel (Nasdaq: TRLG) is trading at unusually high volume Monday with 2.7 million shares changing hands. It is currently at 4.6 times its average daily volume and trading up $1.10 (+4.1%) at $28.05 as of 11:05 a.m. ET. True Religion has a market cap of $701.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 22.1% year to date as of the close of trading on Friday. True Religion Apparel, Inc. designs, develops, manufactures, markets, distributes, and sells apparel in North America, Europe, Asia, Australia, Africa, and South America. It offers fashion jeans and related sportswear apparel. The company has a P/E ratio of 14.9, below the average consumer non-durables industry P/E ratio of 15.3 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates True Religion 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, reasonable valuation levels, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full True Religion Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.