Bally Stock Hits New 52-Week High (BYI)

NEW YORK ( TheStreet) -- Bally Technologies (NYSE: BYI) hit a new 52-week high Monday as it is currently trading at $60.21, above its previous 52-week high of $60 with 117,616 shares traded as of 10:25 a.m. ET. Average volume has been 552,000 shares over the past 30 days.

Bally has a market cap of $2.3 billion and is part of the services sector and leisure industry. Shares are up 33.1% year to date as of the close of trading on Friday.

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, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. 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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