Latter today earnings results for the 4th quarter and 2010 will be announced. I will try to get the earnings results posted this evening, although expectations are very positive, and the 52 week high for the stock price supports this assumptions.
NEW YORK (TheStreet) -- Sothebys (NYSE:BID) hit a new 52-week high Monday as it traded at $49.40 compared with its previous 52-Week high of $49.03. Sothebys is changing hands at $49.06 with 63,870 shares traded as of 9:46 a.m. ET. Average volume has been 984,000 shares over the past 30 days.
Sothebys has a market cap of $3.1 billion and is part of the services sector and specialty retail industry. Shares are up 7.2% year to date as of the close of trading on Friday.
Sotheby's, together with its subsidiaries, operates as an auctioneer of fine and decorative art, jewelry, and collectibles primarily in the United States, the United Kingdom, China, and France. The company operates in three segments: Auction, Finance, and Dealer. The company has a P/E ratio of 22.7, equal to the average specialty retail industry P/E ratio and equal to the S&P 500 P/E ratio of 22.6.
TheStreet Ratings rates Sothebys as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full Sothebys Ratings Report.
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