Global Cash Access Stock Hits New 52-Week High (GCA)
Global Cash Access Holdings (NYSE:GCA) hit a new 52-week high Monday as it is currently trading at $6.96, above its previous 52-week high of $6.92 with 225,264 shares traded as of 9:40 a.m. ET. Average volume has been 740,300 shares over the past 30 days.
NEW YORK ( TheStreet) -- Global Cash Access Holdings (NYSE: GCA) hit a new 52-week high Monday as it is currently trading at $6.96, above its previous 52-week high of $6.92 with 225,264 shares traded as of 9:40 a.m. ET. Average volume has been 740,300 shares over the past 30 days. Global Cash Access has a market cap of $351.3 million and is part of the financial sector and financial services industry. Shares are up 49.2% year to date as of the close of trading on Friday. Global Cash Access Holdings, Inc., through its subsidiaries, provides cash access and data intelligence services and solutions to the gaming industry in the United States and internationally. The company has a P/E ratio of 16.9, below the average financial services industry P/E ratio of 71.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Global Cash Access as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. You can view the full Global Cash Access Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center.
Investors considering a purchase of Global Cash Access Holdings Inc shares, but cautious about paying the going market price of $6.84/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the September put at the $5 strike, which has a bid at the time of this writing of 20 cents.