Cedar Fair Stock Hits New 52-Week High (FUN)

NEW YORK ( TheStreet) -- Cedar Fair (NYSE: FUN) hit a new 52-week high Wednesday as it is currently trading at $23.78, above its previous 52-week high of $23.73 with 27,833 shares traded as of 10:03 a.m. ET. Average volume has been 260,600 shares over the past 30 days.

Cedar Fair has a market cap of $1.28 billion and is part of the services sector and leisure industry. Shares are up 9.2% year to date as of the close of trading on Tuesday.

Cedar Fair, L.P. owns and operates amusement and water parks in the United States and Canada. The company has a P/E ratio of 144.9, below the average leisure industry P/E ratio of 154.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cedar Fair as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Cedar Fair Ratings Report.

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