NEW YORK ( TheStreet) -- Wynn Resorts (Nasdaq: WYNN) hit a new 52-week high Wednesday as it traded at $129.60 compared with its previous 52-Week high of $129.50. Wynn is changing hands at $128.50 with 150,365 shares traded as of 9:42 a.m. ET. Average volume has been 2.2 million shares over the past 30 days. Wynn has a market cap of $15.9 billion and is part of the services sector and leisure industry. Shares are up 23.5% year to date as of the close of trading on Tuesday.

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company has a P/E ratio of 1279.5, above the average leisure industry P/E ratio of 99.2 and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Wynn as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full Wynn Ratings Report.

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