NEW YORK ( TheStreet) -- Bally Technologies (NYSE: BYI) hit a new 52-week low Monday as it is currently trading at $26.55, below its previous 52-week low of $26.57 with 75,983 shares traded as of 10:35 a.m. ET. Average volume has been 672,400 shares over the past 30 days.

Bally has a market cap of $1.3 billion and is part of the technology sector and computer software & services industry. Shares are down 36.1% year to date as of the close of trading on Friday.

Bally Technologies, Inc. operates as a diversified gaming company. The company designs, manufactures, operates, and distributes technology-based gaming devices, systems, and server-based solutions worldwide. The company has a P/E ratio of 15.5, below the average computer software & services industry P/E ratio of 15.6 and below the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Bally as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Bally Ratings Report.

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