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Shanda Interactive Entertainment Stock Hits New 52-Week High (SNDA)

NEW YORK ( TheStreet) -- Shanda Interactive Entertainment (Nasdaq: SNDA) hit a new 52-week high Thursday as it traded at $46.35 compared with its previous 52-Week high of $46.34. Shanda Interactive Entertainment is changing hands at $46.17 with 195,644 shares traded as of 11:12 a.m. ET. Average volume has been 243,000 shares over the past 30 days.

Shanda Interactive Entertainment has a market cap of $3 billion and is part of the technology sector and computer software & services industry. Shares are up 13.3% year to date as of the close of trading on Wednesday.

Shanda Interactive Entertainment Limited, together with its subsidiaries, operates as an entertainment media company in the People's Republic of China. It engages in the development and operation of online games on an integrated platform. The company has a P/E ratio of 22.2, below the average computer software & services industry P/E ratio of 29 and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Shanda Interactive Entertainment as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Shanda Interactive Entertainment Ratings Report.

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