industry closed the day down 2.7%.
) were all decliners today within the leisure industry with
) being today's featured leisure loser. MGM Resorts International fell 40 cents (-3.8%) to $10.28 on light volume. Throughout the day, 17 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 26.1 million shares.
MGM Resorts International, through its subsidiaries, owns and operates casino resorts in the United States. The company's resorts offer gaming, hotel, dining, entertainment, retail, and other resort amenities. It also owns and operates golf courses and a golf club. MGM Resorts International has a market cap of $5.2 billion and is part of the
sector. The company has a P/E ratio of 2.1, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 28.1% year to date as of the close of trading on Tuesday.
TheStreet Ratings rates MGM Resorts International as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and disappointing return on equity.
- You can view the full MGM Resorts International Ratings Report.
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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
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