Bally Stock Hits New 52-Week High (BYI)

NEW YORK ( TheStreet) -- Bally Technologies (NYSE: BYI) hit a new 52-week high Friday as it is currently trading at $58.05, above its previous 52-week high of $58 with 30,652 shares traded as of 9:50 a.m. ET. Average volume has been 571,900 shares over the past 30 days.

Bally has a market cap of $2.22 billion and is part of the services sector and leisure industry. Shares are up 28.4% year to date as of the close of trading on Wednesday.

Bally Technologies, Inc., a gaming company, engages in the design, manufacture, operation, and distribution of technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications.

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TheStreet Ratings rates Bally as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. 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 Bally Ratings Report.

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