This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Stocks Hitting 52-Week Highs Today

Stocks in this article: AKRX MGAM ICLK YHOO LGF AMT

Multimedia Games

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Multimedia Games (MGAM), together with its subsidiaries, engages in the development and supply of comprehensive systems, content, electronic games and player terminals for the casino, charity, international bingo and video lottery markets in the U.S. and internationally. This stock is trading up 1.3% to $6.70 in recent trading after hitting a 52-week high of $6.80 earlier in the day.

Today's Range: $6.33-$6.80

52-Week Range: $3.87-$6.80

Volume: 147,292

Three-Month Average Volume: 165,368

Multimedia Games has a market cap of $177.43 million and an enterprise value of $170.66 million. The stock trades at a trailing price-to-earnings of 13.42 and a forward price-to-earnings of 35.11. Its estimated growth rate for this year is 137.9%, and for next year it's pegged at 72.7%. The current short interest as a percentage of the float for Multimedia Games stands at 4.9%.

From a technical standpoint, this stock is breaking out today above some past overhead resistance at around $6.47 a share. The next significantly overhead resistance for this stock won't come into play until $8 to $10 a share. That said, the stock is approaching a very overbought condition since its current relative strength index reading is 77.

Just because it's overbought that doesn't mean it can't go higher, but it does raise the risk of buying at current levels. The trend is strong here, but it might be a smart idea to buy shares off the next big pullback.

As of the most recently reported period, Multimedia Games was a holding in the portfolio of Seth Klarman's Baupost Group.

3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs