Entertainment Gaming Asia Stock Soars (EGT)

NEW YORK ( TheStreet) -- Shares of Entertainment Gaming Asia (AMEX: EGT) have taken a tremendous swing upward. The stock is trading at 72 cents as of 3:40 p.m. ET, 22.1% above Friday's closing price of 59 cents. Volume is at 1.4 million, 3.7 times the daily average of 371,200.

Entertainment Gaming Asia has a market cap of $55 million and is part of the consumer goods sector and consumer durables industry. Shares are up 153.2% year to date as of the close of trading on Friday.

Entertainment Gaming Asia Inc. engages in the ownership and leasing of electronic gaming machines (EGMs) in resorts, hotels, and other venues primarily in Cambodia and the Philippines. The company has a P/E ratio of 57, above the average consumer durables industry P/E ratio of 46 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Entertainment Gaming Asia as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Entertainment Gaming Asia Ratings Report.

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