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Shanda Interactive Entertainment Stock Gaps Up On Today's Open (SNDA)

NEW YORK ( TheStreet) -- Shares of Shanda Interactive Entertainment (Nasdaq: SNDA) were gapping up Monday morning with an open price 13.5% higher than Friday's closing price. The stock closed at $33.48 Friday and opened today's trading at $38.01.

The average volume for Shanda Interactive Entertainment has been 160,000 shares per day over the past 30 days. Shanda Interactive Entertainment has a market cap of $2.2 billion and is part of the technology sector and computer software & services industry. Shares are down 15.5% year to date as of the close of trading on Friday.

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 22.3, below the average computer software & services industry P/E ratio of 38.6 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Shanda Interactive Entertainment as a hold. The company's 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 reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Shanda Interactive Entertainment Ratings Report.

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