Penn National Gaming Rises On Unusually High Volume (PENN)

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) -- Penn National Gaming (Nasdaq: PENN) is trading at unusually high volume Thursday with 2.4 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up $1.60 (+3.3%) at $49.52 as of 1:20 p.m. ET.

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Penn National Gaming has a market cap of $3.71 billion and is part of the services sector and leisure industry. Shares are down 2.7% year to date as of the close of trading on Wednesday.

Penn National Gaming, Inc. owns and manages gaming and pari-mutuel properties in the United States and Canada. The company is involved in hotel, dining, retail, admissions, program sales, concessions, racing operations, and other ancillary activities. The company has a P/E ratio of 21.5, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Penn National Gaming as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, expanding profit margins, 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 has had sub par growth in net income. You can view the full Penn National Gaming Ratings Report.

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