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NEW YORK ( TheStreet) -- MGM Resorts International (NYSE: MGM) hit a new 52-week low Monday as it is currently trading at $8.97, below its previous 52-week low of $9.01 with 4.2 million shares traded as of 9:55 a.m. ET. Average volume has been 26 million shares over the past 30 days. MGM Resorts International has a market cap of $4.9 billion and is part of the services sector and leisure industry. Shares are down 37.4% year to date as of the close of trading on Friday. 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. The company has a P/E ratio of 1.9, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7.