Shuffle Master Rises On Unusually High Volume (SHFL)

NEW YORK ( TheStreet) -- Shuffle Master (Nasdaq: SHFL) is trading at unusually high volume Tuesday with 1.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.30 (+15.8%) at $16.87 as of 10:35 a.m. ET.

Shuffle Master has a market cap of $676.6 million and is part of the consumer goods sector and consumer durables industry. Shares are up 23.9% year to date as of the close of trading on Monday.

Shuffle Master, Inc. manufactures and distributes gaming devices, and operates inter-casino linked systems and slot routes. It leases, licenses, and sells its products. The company has a P/E ratio of 25.5, above the average consumer durables industry P/E ratio of 21.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Shuffle Master as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Shuffle Master Ratings Report.

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