Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Fossil (Nasdaq: FOSL) is trading at unusually high volume Tuesday with 2.1 million shares changing hands. It is currently at 2.7 times its average daily volume and trading up $2.05 (+2%) at $103.92 as of 3:11 p.m. ET.
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Fossil has a market cap of $6.24 billion and is part of the consumer goods sector and consumer durables industry. Shares are up 11.7% year to date as of the close of trading on Monday. Fossil, Inc. designs, develops, markets, and distributes consumer fashion accessories worldwide. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Fossil 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, notable return on equity, expanding profit margins and good cash flow from operations. 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 Fossil Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.