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Harry Winston Diamond's Shares Hit 52-Week High in New York


Post Date: 07 Apr 2011    Viewed: 509

Harry Winston Diamond Corporation shares hit a 52-week high of $17.21 in New York trading on Monday. Some 62,000 shares of the diamond company were traded Monday, zacks.com reports.




The company's share price fluctuated between $9.49 and $16.95 over the last 52 weeks before hitting yesterday's high. The last NYSE share price listed on Harry Winston's investor site in $16.91. Zacks reports that on February 2, 2011, SmarTrend issued an Uptrend alert for Harry Winston, whose shares were trading at the time for $12.29. Since then, the company's stock has risen 36%.




Harry Winston's consolidated sales totaled $215.4 million in the fourth quarter (Q4) of 2010, a 61% increase over the corresponding quarter of 2009, while sales for the 2010 fiscal year stood at $624 million, the company stated in its most recent financial report.



Its rough diamond sales for Q4 were up 30%, totaling $82.7 million, while rough diamond sales for the entire 2010 fiscal year totaled $279.2 million, a 49% increase from 2009.



Harry Winston's luxury brand segment sales rose 53% in 2010, totaling $344.8 million, and the company posted net earnings of $21.7 million.

 


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