Melco Crown Entertainment Rises On Unusually High Volume (MPEL)
Melco Crown Entertainment (Nasdaq:MPEL) is trading at unusually high volume Monday with nine million shares changing hands. It is currently at two times its average daily volume and trading up 86 cents (+4.7%).
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) -- Melco Crown Entertainment (Nasdaq: MPEL) is trading at unusually high volume Monday with nine million shares changing hands. It is currently at two times its average daily volume and trading up 86 cents (+4.7%) at $19.06 as of 3:11 p.m. ET.
EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Melco Crown Entertainment has a market cap of $9.83 billion and is part of the services sector and leisure industry. Shares are up 6.4% year to date as of the close of trading on Friday. Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in Macau. The company has a P/E ratio of 32.6, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Melco Crown Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Melco Crown Entertainment 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.