Bally Reaches New 52-Week High (BYI)

NEW YORK ( TheStreet) -- Bally Technologies (NYSE: BYI) hit a new 52-week high Monday as it is currently trading at $47.18, above its previous 52-week high of $47.12 with 13,675 shares traded as of 9:35 a.m. ET. Average volume has been 518,400 shares over the past 30 days.

Bally has a market cap of $1.79 billion and is part of the technology sector and computer software & services industry. Shares are up 18.6% 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 24.3, above the average computer software & services industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Bally as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, solid stock price performance, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Bally Ratings Report.

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