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TheStreet Wire

Bally Reaches New 52-Week High (BYI)

By TheStreet Wire 01/27/12 - 01:49 PM EST

Find out if (BYI) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Bally Technologies (NYSE:BYI) hit a new 52-week high Friday as it is currently trading at $42.58, above its previous 52-week high of $42.50 with 199,335 shares traded as of 1:28 p.m. ET. Average volume has been 518,400 shares over the past 30 days.

Bally has a market cap of $1.79 billion and is part of the technology sector and computer software & services industry. Shares are up 4.6% year to date as of the close of trading on Thursday.

Bally Technologies, Inc. operates as a diversified gaming company. The company designs, manufactures, operates, and distributes technology-based gaming devices, systems, and server-based solutions worldwide. The company has a P/E ratio of 22.1, above the average computer software & services industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Bally as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Bally Ratings Report.

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