Madison Square Garden Stock Hits New 52-Week High (MSG)
NEW YORK (
) --
(Nasdaq:
) hit a new 52-week high Friday as it is currently trading at $33.20, above its previous 52-week high of $33.18 with 946,839 shares traded as of 3:46 p.m. ET. Average volume has been 293,600 shares over the past 30 days.
Madison Square Garden has a market cap of $1.84 billion and is part of the
sector and
industry. Shares are up 11.3% year to date as of the close of trading on Thursday.
The Madison Square Garden Company, together with its subsidiaries, operates in the sports, entertainment, and media businesses primarily in the United States. The company operates in three segments: MSG Media, MSG Entertainment, and MSG Sports. The company has a P/E ratio of 30.7, below the average media industry P/E ratio of 82.4 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Madison Square Garden as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income and growth in earnings per share. However, as a counter to these strengths, we find that the company's revenue growth has not been good. You can view the full
Madison Square Garden Ratings Report
.
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