3 Stocks Pushing The Leisure Industry Lower
2. As of noon trading, MGM Resorts International ( MGM) is down $0.28 (-2.8%) to $9.73 on average volume Thus far, 3.7 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 9.2 million shares. The stock has ranged in price between $9.73-$10.06 after having opened the day at $10.05 as compared to the previous trading day's close of $10.01. MGM Resorts International, through its subsidiaries, owns and operates casino resorts. Its casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities. MGM Resorts International has a market cap of $4.8 billion and is part of the services sector. The company has a P/E ratio of -7.4, below the S&P 500 P/E ratio of 17.7. Shares are down 6.2% year to date as of the close of trading on Friday. Currently there are 12 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and 8 rate it a hold. TheStreet Ratings rates MGM Resorts International as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, generally high debt management risk, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full MGM Resorts International Ratings Report now.
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