International Game Technology Rises On Unusually High Volume (IGT)
International Game Technology (NYSE:IGT) is trading at unusually high volume Friday with 8.2 million shares changing hands. It is currently at two times its average daily volume and trading up 52 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 Friday with 8.2 million shares changing hands. It is currently at two times its average daily volume and trading up 52 cents (+3.2%) at $16.79 as of 4 p.m. ET.
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International Game Technology has a market cap of $4.22 billion and is part of the technology sector and computer software & services industry. Shares are up 12.5% year to date as of the close of trading on Thursday. International Game Technology engages in the design, development, manufacture, and marketing of casino games, gaming equipment, and systems technology for land-based and online social gaming, and wagering markets worldwide. The company has a P/E ratio of 17.1, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates International Game Technology as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster 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. 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.