Crocs Shares Rise In Bad Tape

Shares of Crocs Inc.

are showing nice relative strength on Monday, gaining better than 3% in a market which is down more than 1%. The stock is currently trading at $17.76. Volume has been reasonably heavy with around 1.5 million CROX shares trading in the first hour and a half of the day. The company pre-announced lowered guidance on October 17, and shares were promptly crushed, falling around 36%. Since that gap lower, however, CROX has been moving steadily higher and the valuation looks attractive at current levels. The stock trades at a trailing P/E of 15, a forward P/E of just 12.12, and a PEG ratio of 0.56. Crocs, Inc. (Crocs) and its consolidated subsidiaries are a designer, manufacturer, distributor, worldwide marketer and brand manager of footwear and accessories for men, women and children.