NEW YORK (TheStreet) -- Melco Crown Entertainment (Nasdaq:MPEL) hit a new 52-week high Monday as it traded at $7.94 compared with its previous 52-Week high of $7.90. Melco Crown Entertainment is changing hands at $7.91 with 97,325 shares traded as of 9:31 am ET. Average volume has been 5.9 million shares over the past 30 days.
Melco Crown Entertainment has a market cap of $4.1 billion and is part of the services sector and leisure industry. Shares are up 23.6% year to date as of the close of trading on Friday.
Melco Crown Entertainment Limited, through its subsidiaries, engages in the development, ownership, and operation of casino gaming and entertainment resort facilities primarily in the Macau special administrative region of the Peoples Republic of China.
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TheStreet Ratings rates Melco Crown Entertainment as a hold. The companys strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the companys profit margins have been poor overall. You can view the full Melco Crown Entertainment Ratings Report.
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