Charming Shoppes Stock Hits New 52-Week High (CHRS)

NEW YORK ( TheStreet) -- Charming Shoppes (Nasdaq: CHRS) hit a new 52-week high Wednesday as it is currently trading at $7.37, above its previous 52-week high of $7.36 with 3.1 million shares traded as of 3:55 p.m. ET. Average volume has been 4.7 million shares over the past 30 days.

Charming Shoppes has a market cap of $859.1 million and is part of the services sector and retail industry. Shares are up 50% year to date as of the close of trading on Tuesday.

Charming Shoppes, Inc. operates as a specialty apparel retailer primarily for women in the United States. The company operates retail stores and related e-commerce Web sites under the LANE BRYANT, CACIQUE, LANE BRYANT OUTLET, FASHION BUG, FASHION BUG PLUS, and CATHERINES PLUS SIZES brand names.

TheStreet Ratings rates Charming Shoppes as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and weak operating cash flow. You can view the full Charming Shoppes Ratings Report.

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