Wynn Reaches New 52-Week High (WYNN)

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) -- Wynn Resorts (Nasdaq: WYNN) hit a new 52-week high Friday as it is currently trading at $138.45, above its previous 52-week high of $138.43 with 867,402 shares traded as of 1:45 p.m. ET. Average volume has been 1.3 million shares over the past 30 days.

Wynn has a market cap of $13.75 billion and is part of the services sector and leisure industry. Shares are up 21.1% year to date as of the close of trading on Thursday.

Wynn Resorts, Limited, together with its subsidiaries, engages in the development, ownership, and operation of destination casino resorts. The company has a P/E ratio of 24.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wynn as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, impressive record of earnings per share growth and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Wynn Ratings Report.

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