Penn National Gaming Reaches New 52-Week High (PENN)
Penn National Gaming (Nasdaq:PENN) hit a new 52-week high Wednesday as it is currently trading at $52.37, above its previous 52-week high of $52 with 491,712 shares traded as of 12 p.m. ET. Average volume has been 1.2 million shares over the past 30 days.
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) hit a new 52-week high Wednesday as it is currently trading at $52.37, above its previous 52-week high of $52 with 491,712 shares traded as of 12 p.m. ET. Average volume has been 1.2 million shares over the past 30 days. Penn National Gaming has a market cap of $3.89 billion and is part of the services sector and leisure industry. Shares are up 3.3% year to date as of the close of trading on Tuesday. 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 24.9, above the S&P 500 P/E ratio of 17.7.
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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. See all 52-week high stocks or get investment ideas from our investment research center. It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.