Ameristar Casinos Stock Hits New 52-Week High (ASCA)

NEW YORK ( TheStreet) -- Ameristar Casinos (Nasdaq: ASCA) hit a new 52-week high Thursday as it is currently trading at $23.59, above its previous 52-week high of $23.46 with 309,142 shares traded as of 11:21 a.m. ET. Average volume has been 465,200 shares over the past 30 days.

Ameristar Casinos has a market cap of $732.7 million and is part of the services sector and leisure industry. Shares are up 46.6% year to date as of the close of trading on Wednesday.

Ameristar Casinos, Inc. operates as a gaming and entertainment company in the United States. The company develops, owns, and operates casino, and related hotel, food and beverage, entertainment, and other facilities. The company has a P/E ratio of 66.9, below the average leisure industry P/E ratio of 68.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ameristar Casinos as a hold. The company's strengths can be seen in multiple areas, such as its 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 has not been very careful in the management of its balance sheet. You can view the full Ameristar Casinos Ratings Report.

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