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PriceSmart (NASDAQ:PSMT) shares hit a new 52-week low during mid-day trading on Friday , Analyst Ratings Network reports. The company traded as low as $78.63 and last traded at $83.90, with a volume of 659,019 shares trading hands. The stock had previously closed at $86.21.

Separately, analysts at Roth Capital upgraded shares of PriceSmart from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $108.00 price target on the stock, up previously from $105.00.

The stock has a 50-day moving average of $89.04 and a 200-day moving average of $96.79. The company has a market cap of $2.584 billion and a P/E ratio of 29.32.

PriceSmart (NASDAQ:PSMT) last issued its quarterly earnings data on Thursday, July 10th. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.69 by $0.01. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $624.46 million. During the same quarter last year, the company posted $0.61 earnings per share. PriceSmart’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that PriceSmart will post $3.13 earnings per share for the current fiscal year.

PriceSmart, Inc (NASDAQ:PSMT) business consists primarily of international membership shopping warehouse clubs similar to warehouse clubs in the United States.

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