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 up 1.0%. By the end of trading, Bally Technologies fell $0.84 (-1.3%) to $65.43 on average volume. Throughout the day, 510,976 shares of Bally Technologies exchanged hands as compared to its average daily volume of 625,400 shares. The stock ranged in price between $65.30-$67.21 after having opened the day at $67.00 as compared to the previous trading day's close of $66.27. Other companies within the Leisure industry that declined today were: Chanticleer Holdings ( HOTR), down 5.0%, Dover Downs Gaming & Entertainment ( DDE), down 4.6%, Nevada Gold & Casinos ( UWN), down 3.4% and MakeMyTrip ( MMYT), down 3.4%.

Bally Technologies, Inc., a gaming company, designs, manufactures, operates, and distributes advanced technology-based gaming devices, systems, server-based solutions, custom mobile applications, and interactive applications in the United States and internationally. Bally Technologies has a market cap of $2.5 billion and is part of the services sector. Shares are down 15.5% year to date as of the close of trading on Monday. Currently there are 8 analysts that rate Bally Technologies a buy, no analysts rate it a sell, and 3 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, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the positive front, Famous Dave's of America ( DAVE), up 11.2%, King Digital Entertainment ( KING), up 8.6%, 500.com Ltd ADR ( WBAI), up 6.4% and priceline.com Incorporated ( PCLN), up 5.0% , were all gainers within the leisure industry with Melco Crown Entertainment ( MPEL) being today's featured leisure industry leader.

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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