Skechers USA Reaches New 52-Week High (SKX)

NEW YORK ( TheStreet) -- Skechers USA (NYSE: SKX) hit a new 52-week high Friday as it is currently trading at $19.24, above its previous 52-week high of $19 with 614,352 shares traded as of 11:25 a.m. ET. Average volume has been 914,400 shares over the past 30 days.

Skechers USA has a market cap of $704.3 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 39.5% year to date as of the close of trading on Thursday.

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 feeble growth in the company's earnings per share. You can view the full Skechers USA Ratings Report.

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