Cinemark Reaches New 52-Week High (CNK)

NEW YORK ( TheStreet) -- Cinemark Holdings (NYSE: CNK) hit a new 52-week high Thursday as it is currently trading at $23.07, above its previous 52-week high of $22.85 with 237,692 shares traded as of 9:35 a.m. ET. Average volume has been 1.5 million shares over the past 30 days.

Cinemark has a market cap of $2.27 billion and is part of the services sector and media industry. Shares are up 18.9% year to date as of the close of trading on Wednesday.

Cinemark Holdings, Inc., together with its subsidiaries, engages in motion picture exhibition business. As of December 31, 2011, it operated 456 theatres and 5,152 screens in the United States and Latin America. The company is headquartered in Plano, Texas. The company has a P/E ratio of 19.2, above the average media industry P/E ratio of 15.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cinemark as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cinemark Ratings Report.

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