Penn National Gaming Stock Hits New 52-Week High (PENN)

NEW YORK ( TheStreet) -- Penn National Gaming (Nasdaq: PENN) hit a new 52-week high Thursday as it is currently trading at $45.42, above its previous 52-week high of $44.95 with 239,053 shares traded as of 9:35 a.m. ET. Average volume has been 420,600 shares over the past 30 days.

Penn National Gaming has a market cap of $3.23 billion and is part of the services sector and leisure industry. Shares are up 10.8% year to date as of the close of trading on Wednesday.

Penn National Gaming, Inc. owns and manages gaming and pari-mutuel properties in the United States and Canada. The company is involved in hotel, dining, retail, admissions, program sales, concessions, racing operations, and other ancillary activities. The company has a P/E ratio of 18.7, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Penn National Gaming as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, reasonable valuation levels and good cash flow from operations. 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 Penn National Gaming Ratings Report.

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