Melco Crown Entertainment Stock Hits New 52-Week High (MPEL)

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) -- Melco Crown Entertainment (Nasdaq: MPEL) hit a new 52-week high Tuesday as it is currently trading at $25.16, above its previous 52-week high of $25.15 with two million shares traded as of 3:01 p.m. ET. Average volume has been four million shares over the past 30 days.

Melco Crown Entertainment has a market cap of $13.32 billion and is part of the services sector and leisure industry. Shares are up 43.1% year to date as of the close of trading on Monday.

Melco Crown Entertainment Limited, through its subsidiaries, develops, owns, and operates casino gaming and entertainment resort facilities in Macau. The company has a P/E ratio of 31.7, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Melco Crown Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures 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 Melco Crown Entertainment Ratings Report.

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