International Game Technology Rises On Unusually High Volume (IGT)
International Game Technology (NYSE:IGT) is trading at unusually high volume Monday with 8.4 million shares changing hands. It is currently at two times its average daily volume and trading up 45 cents (+3.2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- International Game Technology (NYSE: IGT) is trading at unusually high volume Monday with 8.4 million shares changing hands. It is currently at two times its average daily volume and trading up 45 cents (+3.2%) at $14.32 as of 4:01 p.m. ET.
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International Game Technology has a market cap of $3.71 billion and is part of the technology sector and computer software & services industry. Shares are down 19% year to date as of the close of trading on Friday. 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 16.2, 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, increase in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full International Game Technology Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.