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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 $53.98, above its previous 52-week high of $53.96 with 52,473 shares traded as of 10:20 a.m. ET. Average volume has been 840,500 shares over the past 30 days. Penn National Gaming has a market cap of $4.17 billion and is part of the services sector and leisure industry. Shares are up 8.5% year to date as of the close of trading on Tuesday. Penn National Gaming, Inc., together with its subsidiaries, owns and manages gaming and pari-mutuel properties in the United States and Canada. It engages in gaming on slot machines and table games. The company has a P/E ratio of 26.3, above the S&P 500 P/E ratio of 17.7.