MGM Resorts International Stock Hits New 52-Week High (MGM)

NEW YORK ( TheStreet) -- MGM Resorts International (NYSE: MGM) hit a new 52-week high Thursday as it is currently trading at $15.99, above its previous 52-week high of $15.95 with 1.3 million shares traded as of 10:26 a.m. ET. Average volume has been 10.4 million shares over the past 30 days.

MGM Resorts International has a market cap of $7.68 billion and is part of the services sector and leisure industry. Shares are up 34.8% year to date as of the close of trading on Wednesday.

MGM Resorts International, through its wholly owned subsidiaries, owns and/or operates casino resorts. The company operates in two segments, Wholly Owned Domestic Resorts and MGM China. Its resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.

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TheStreet Ratings rates MGM Resorts International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and generally higher debt management risk. You can view the full MGM Resorts International Ratings Report.

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