Multimedia Games Reaches New 52-Week High (MGAM)

NEW YORK ( TheStreet) -- Multimedia Games (Nasdaq: MGAM) hit a new 52-week high Thursday as it is currently trading at $11.62, above its previous 52-week high of $11.58 with 52,100 shares traded as of 11:17 a.m. ET. Average volume has been 300,300 shares over the past 30 days.

Multimedia Games has a market cap of $298.9 million and is part of the services sector and leisure industry. Shares are up 35.6% year to date as of the close of trading on Wednesday.

Multimedia Games Holding Company, Inc., together with its subsidiaries, engages in the design, manufacture, distribution, and maintenance of gaming machines, video lottery terminals, and associated systems and equipment. The company has a P/E ratio of 23.4, below the average leisure industry P/E ratio of 24 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Multimedia Games as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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 Multimedia Games Ratings Report.

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