Cedar Fair Reaches New 52-Week High (FUN)

NEW YORK ( TheStreet) -- Cedar Fair (NYSE: FUN) hit a new 52-week high Tuesday as it is currently trading at $30.06, above its previous 52-week high of $29.98 with 65,787 shares traded as of 11:15 a.m. ET. Average volume has been 222,100 shares over the past 30 days.

Cedar Fair has a market cap of $1.58 billion and is part of the services sector and leisure industry. Shares are up 38.2% year to date as of the close of trading on Monday.

Cedar Fair, L.P. owns and operates amusement and water parks in the United States and Canada. The company has a P/E ratio of 22.8, above the average leisure industry P/E ratio of 22.2 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Cedar Fair as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and notable return on equity. 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 Cedar Fair Ratings Report.

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