MGM Resorts International ( MGM) pushed the Leisure industry lower today making it today's featured Leisure loser. The industry as a whole closed the day down 0.2%. By the end of trading, MGM Resorts International fell 29 cents (-3%) to $9.52 on light volume. Throughout the day, nine million shares of MGM Resorts International exchanged hands as compared to its average daily volume of 22.6 million shares. The stock ranged in price between $9.50-$9.85 after having opened the day at $9.82 as compared to the previous trading day's close of $9.81. Other company's within the Leisure industry that declined today were: Jamba Inc ( JMBA), down 4.8%, Canterbury Park Holding Corporation ( CPHC), down 3.9%, Wynn Resorts ( WYNN), down 3.9%, and Country Style Cooking Restaurant Chain ( CCSC), down 3.8%. 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. MGM Resorts International has a market cap of $4.53 billion and is part of the services sector. The company has a P/E ratio of 1.7, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 33.9% year to date as of the close of trading on Monday. TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management.
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