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TheStreet Wire

Shuffle Master Stock Hits New 52-Week High (SHFL)

By TheStreet Wire 04/03/12 - 10:05 AM EDT

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

NEW YORK (TheStreet) -- Shuffle Master (Nasdaq:SHFL) hit a new 52-week high Tuesday as it is currently trading at $18.72, above its previous 52-week high of $18.38 with 56,862 shares traded as of 9:40 a.m. ET. Average volume has been 339,600 shares over the past 30 days.

Shuffle Master has a market cap of $676.6 million and is part of the consumer goods sector and consumer durables industry. Shares are up 56% year to date as of the close of trading on Monday.

Shuffle Master, Inc. manufactures and distributes gaming devices, and operates inter-casino linked systems and slot routes. It leases, licenses, and sells its products. The company has a P/E ratio of 28.4, above the average consumer durables industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Shuffle Master as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Shuffle Master Ratings Report.

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