NEW YORK (

TheStreet

) --

Ameristar Casinos

(Nasdaq:

ASCA

) hit a new 52-week high Thursday as it is currently trading at $23.07, above its previous 52-week high of $23 with 169,160 shares traded as of 11:30 a.m. ET. Average volume has been 306,700 shares over the past 30 days.

Ameristar Casinos has a market cap of $1.3 billion and is part of the

services

sector and

leisure

industry. Shares are up 46.8% year to date as of the close of trading on Wednesday.

Ameristar Casinos, Inc. develops, owns, and operates casinos, and related hotel, food and beverage, entertainment, and other facilities in the United States. The company primarily provides slot machine plays, as well as offers table games, including blackjack, craps, roulette, and poker. The company has a P/E ratio of 59.6, below the average leisure industry P/E ratio of 68.6 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Ameristar Casinos as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

Ameristar Casinos Ratings Report

.

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