International Game Technology Stock Hits New 52-Week Low (IGT)

NEW YORK ( TheStreet) -- International Game Technology (NYSE: IGT) hit a new 52-week low Thursday as it is currently trading at $11.46, below its previous 52-week low of $11.53 with 1.1 million shares traded as of 10:05 a.m. ET. Average volume has been 3.7 million shares over the past 30 days.

International Game Technology has a market cap of $4.34 billion and is part of the technology sector and computer software & services industry. Shares are down 31.6% year to date as of the close of trading on Wednesday.

International Game Technology engages in the design, development, manufacture, and marketing of electronic gaming equipment and systems worldwide. The company has a P/E ratio of 15.5, below the average computer software & services industry P/E ratio of 17.7 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates International Game Technology as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full International Game Technology Ratings Report.

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