NEW YORK (
Melco Crown Entertainment
) hit a new 52-week high Tuesday as it is currently trading at $11.17, above its previous 52-week high of $11.11 with 994,619 shares traded as of 9:37 a.m. ET. Average volume has been 7.2 million shares over the past 30 days.
Melco Crown Entertainment has a market cap of $5.9 billion and is part of the
industry. Shares are up 72.2% year to date as of the close of trading on Friday.
Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in the Macau special administrative region of the People's Republic of China. The company has a P/E ratio of 547.5, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Melco Crown Entertainment as a
. 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 and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full
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