Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day up 0.7%. By the end of trading, MGM Resorts International fell 28 cents (-2.6%) to $10.31 on heavy volume. Throughout the day, 15.3 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 9.5 million shares. The stock ranged in price between $10.10-$10.50 after having opened the day at $10.40 as compared to the previous trading day's close of $10.59. Other companies within the Leisure industry that declined today were:
), down 13.6%,
), down 5.8%,
), down 4.2%, and
), down 4.1%.
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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 $5.18 billion and is part of the services sector. Shares are up 1.5% year to date as of the close of trading on Tuesday. Currently there are 12 analysts that rate MGM Resorts International a buy, no analysts rate it a sell, and eight rate it a hold.
TheStreet Ratings rates MGM Resorts International as a
. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally high debt management risk and feeble growth in its earnings per share.
- You can view the full MGM Resorts International Ratings Report.
On the positive front,
), up 21.5%,
), up 12.3%,
), up 8.8%, and
), up 6.6%, were all gainers within the leisure industry with
) being today's featured leisure industry leader.
- Use our leisure section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider
) while those bearish on the leisure industry could consider
- Find other investment ideas from our top rated ETFs lists.
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