Penn National Gaming Stock Hits New 52-Week High (PENN)

NEW YORK ( TheStreet) -- Penn National Gaming (Nasdaq: PENN) hit a new 52-week high Monday as it is currently trading at $44.33, above its previous 52-week high of $44.29 with 258,409 shares traded as of 1:49 p.m. ET. Average volume has been 488,000 shares over the past 30 days.

Penn National Gaming has a market cap of $3.14 billion and is part of the services sector and leisure industry. Shares are up 14.2% year to date as of the close of trading on Friday.

Penn National Gaming, Inc. owns and manages gaming and pari-mutuel properties in the United States and Canada. The company is involved in hotel, dining, retail, admissions, program sales, concessions, racing operations, and other ancillary activities. The company has a P/E ratio of 19.2, below the average leisure industry P/E ratio of 191.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Penn National Gaming as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, reasonable valuation levels and good cash flow from operations. 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 Penn National Gaming Ratings Report.

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