International Game Technology Reaches New 52-Week High (IGT)
International Game Technology (NYSE:IGT) hit a new 52-week high Friday as it is currently trading at $17.54, above its previous 52-week high of $17.53 with 535,783 shares traded as of 10:45 a.m. ET. Average volume has been 3.6 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) -- International Game Technology (NYSE: IGT) hit a new 52-week high Friday as it is currently trading at $17.54, above its previous 52-week high of $17.53 with 535,783 shares traded as of 10:45 a.m. ET. Average volume has been 3.6 million shares over the past 30 days. International Game Technology has a market cap of $4.51 billion and is part of the technology sector and computer software & services industry. Shares are up 21.9% 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 16.1, below the S&P 500 P/E ratio of 17.7.
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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 increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated. You can view the full International Game Technology Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.