MGM Resorts International (MGM): Today's Featured Services Loser
(
) pushed the Services sector lower today making it today's featured Services loser. The sector as a whole closed the day down 2%. By the end of trading, MGM Resorts International fell 50 cents (-4.2%) to $11.52 on light volume. Throughout the day, 19.5 million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 26.5 million shares. The stock ranged in price between $11.52-$12.05 after having opened the day at $11.78 as compared to the previous trading day's close of $12.02. Other company's within the Services sector that declined today were:
(
), down 16.3%,
(
), down 13.1%,
(
), down 10.6%, and
(
), down 10.1%.
MGM Resorts International, through its subsidiaries, primarily 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
industry. 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 21.1% year to date as of the close of trading on Friday.
TheStreet Ratings rates MGM Resorts International as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including generally poor debt management and weak operating cash flow.
- You can view the full MGM Resorts International Ratings Report.
On the positive front,
(
), up 21.2%,
(
), up 15.2%,
(
), up 11.2%, and
(
), up 10.3%, were all gainers within the services sector with
(
) being today's featured services sector winner.
- Use our services section to find sector-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 services sector could consider
iShares Dow Jones US Cons Services
(
) while those bearish on the services sector could consider
ProShares Ultra Short Consumer Sers
(
).
- Find other investment ideas from our top rated ETFs lists.
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