Regal Entertainment Group Rises On Unusually High Volume (RGC)

NEW YORK ( TheStreet) -- Regal Entertainment Group (NYSE: RGC) is trading at unusually high volume Wednesday with 8.6 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up 75 cents (+5.5%) at $14.45 as of 3:40 p.m. ET.

Regal Entertainment Group has a market cap of $1.79 billion and is part of the services sector and media industry. Shares are up 15.3% year to date as of the close of trading on Tuesday.

Regal Entertainment Group, through its subsidiaries, operates a theatre circuit in the United States. The company has a P/E ratio of 52.3, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Regal Entertainment Group as a hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and poor profit margins. You can view the full Regal Entertainment Group Ratings Report.

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