Tiffany (NYSE:TIF) hit a new 52-week high Thursday as it is currently trading at $73.19, above its previous 52-week high of $72.48 with 88,716 shares traded as of 9:35 a.m. ET. Average volume has been two million shares over the past 30 days.
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) -- Tiffany (NYSE: TIF) hit a new 52-week high Thursday as it is currently trading at $73.19, above its previous 52-week high of $72.48 with 88,716 shares traded as of 9:35 a.m. ET. Average volume has been two million shares over the past 30 days. Tiffany has a market cap of $9.03 billion and is part of the services sector and specialty retail industry. Shares are up 26.1% year to date as of the close of trading on Wednesday. Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of jewelry worldwide. The company operates through Americas, Asia-Pacific, Japan, Europe, and Other segments. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Tiffany as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Tiffany Ratings Report. See all 52-week high stocks 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.