Wynn Resorts (Nasdaq:WYNN) hit a new 52-week high Thursday as it changed hands at $129.74 compared with its previous 52-week high of $129.60. Wynn is currently trading at $129.57 with 1.2 million shares changing hands as of 12:22 p.m..
NEW YORK ( TheStreet) -- Wynn Resorts (Nasdaq: WYNN) hit a new 52-week high Thursday as it traded at $129.74 compared with its previous 52-Week high of $129.60. Wynn is changing hands at $129.57 with 1.2 million shares traded as of 12:22 p.m. ET. Average volume has been 2.1 million shares over the past 30 days. Wynn has a market cap of $15.6 billion and is part of the services sector and leisure industry. Shares are up 21.4% year to date as of the close of trading on Wednesday. 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 97.5, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 21.5. 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. See all 52-week high stocks or get investment ideas from our investment research center.