Penn National Gaming Reaches New 52-Week High (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) hit a new 52-week high Monday as it is currently trading at $54.72, above its previous 52-week high of $54.55 with 47,381 shares traded as of 9:40 a.m. ET. Average volume has been 819,600 shares over the past 30 days.

Penn National Gaming has a market cap of $4.23 billion and is part of the services sector and leisure industry. Shares are up 10.8% year to date as of the close of trading on Thursday.

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 26.7, 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 revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and solid stock price performance. 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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