Shares of GIII fell by 3.13% or $-0.84/share to $25.96. NASDAQ is trading at a price to book ratio of 1.48. The PEG is 0.55 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 0.42. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 186805 shares of GIII exchange hands on a given day and today's volume is recorded at 134037. These factors combined may make this company a potential takeover candidate. Lookout for any takeover chatter or takeover news regarding this stock as one of the bigger players may have an eye on this one.
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women?s suits and women?s performance wear, as well as luggage and women?s handbags, small leather goods and cold weather accessories.
