Bally Technologies Inc. (BYI): Today's Featured Leisure Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Bally Technologies ( BYI) pushed the Leisure industry lower today making it today's featured Leisure laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Bally Technologies fell $2.68 (-3.7%) to $70.51 on heavy volume. Throughout the day, 1,339,684 shares of Bally Technologies exchanged hands as compared to its average daily volume of 530,400 shares. The stock ranged in price between $70.50-$75.61 after having opened the day at $74.31 as compared to the previous trading day's close of $73.19. Other companies within the Leisure industry that declined today were: Good Times Restaurants ( GTIM), down 21.3%, PokerTek ( PTEK), down 8.5%, Renren ( RENN), down 3.5% and Arcos Dorados Holdings ( ARCO), down 3.1%.

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. Bally Technologies has a market cap of $2.9 billion and is part of the services sector. Shares are up 63.7% year to date as of the close of trading on Thursday. Currently there are 10 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and 2 rate it a hold.

TheStreet Ratings rates Bally Technologies 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.

On the positive front, Red Lion Hotels Corporation ( RLH), up 9.4%, Century Casinos ( CNTY), up 4.1%, Noodles & Co Class A ( NDLS), up 3.6% and Nathans Famous ( NATH), up 3.5%.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the leisure industry could consider PowerShares Dynamic Leisure&Entert ( PEJ) while those bearish on the leisure industry could consider ProShares Ultra Sht Consumer Services ( SCC).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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