What’s up with MGM Resorts International?

MGM Resorts International (MGM) opened at $16.72, which means the stock is up 10.31% from yesterday’s closing price of 15.81. Today, the company has a high of $17.63 and a low of $16.48. The stock holds a market cap of $8.48 billion which is impressive since the P/E ratio is 4.44. The company has a 52-week high of $34.64 and a 52-week low of $5.90.

What is P/E ratio?

The price-earnings ratio, also known as P/E ratio, P/E, or PER, is the ratio of a company’s share price to the company’s earnings per share. The ratio is used for valuing companies and to find out whether they are overvalued or undervalued. MGM Resorts International has a strong.A higher P/E ratio shows that investors are willing to pay a higher share price today because of growth expectations in the future.

About MGM Resorts International

MGM Resorts International is a holding company, which engages in the ownership and operations of casino resorts. The firm’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.