May 10, 2013 (Fast Lane via COMTEX) -- Below are the three companies in the Casinos & Gaming industry with the lowest price to earnings to growth (PEG) ratios. PEG is valuable in assessing the tradeoff between the price of a stock and expected growth. Generally, the lower the PEG, the better.
Monarch Casino & Resort (NASDAQ:MCRI) is lowest with a PEG ratio of 0.51. Monarch Casino & Resort, Inc., through its wholly owned subsidiary, owns and operates the tropically-themed Atlantis Casino Resort in Reno, Nevada. The resort features a casino, a hotel and motor lounge, restaurants, bars, a nightclub, a swimming pool and health club, a gift shop, a family entertainment center, banquet and meeting space, and surface parking spaces. Monarch Casino & Resort share prices have moved between a 52-week high of $14.60 and a 52-week low of $7.05 and are now trading 104% above that low price at $14.40 per share. The 200-day and 50-day moving averages have moved 1.22% higher and 3.35% higher over the past week, respectively.
Melco Crown Entertainment (NASDAQ:MPEL) is next with a PEG ratio of 0.75. Finishing up the bottom three is Gaming Partners International (NASDAQ:GPIC), with a PEG ratio of 0.80. ---------------------------------------------------------------------------------------------
Financial News Network Online (FNNO) is a leading provider of digital financial news content for distribution on the web. You can count on FNNO to bring you the latest market news, earnings reports, analyst comments, economic data reports and more. Visit http://www.fnno.com today.
Copyright, Comtex News Network, Inc. 2013
