Signet Jewelers (NYSE:SIG) hit a new 52-week high Thursday as it is currently trading at $69.50, above its previous 52-week high of $69.41 with 63,703 shares traded as of 10:15 a.m. ET. Average volume has been 630,700 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) -- Signet Jewelers (NYSE: SIG) hit a new 52-week high Thursday as it is currently trading at $69.50, above its previous 52-week high of $69.41 with 63,703 shares traded as of 10:15 a.m. ET. Average volume has been 630,700 shares over the past 30 days. Signet Jewelers has a market cap of $5.53 billion and is part of the services sector and specialty retail industry. Shares are up 28.5% year to date as of the close of trading on Wednesday. Signet Jewelers Limited engages in the retail sale of jewelry and watches in the United States, the United Kingdom, the Republic of Ireland, and the Channel Islands. The company operates through US and UK divisions. The company has a P/E ratio of 15.6, below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Signet Jewelers as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. 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 Signet Jewelers 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.