Perfect World Stock Gaps Down On Today's Open (PWRD)
NEW YORK (
) -- Shares of
(Nasdaq:
) were gapping down Tuesday morning with an open price 13% lower than Monday's closing price. The stock closed at $11.38 Monday and opened today's trading at $9.90.
The average volume for Perfect World has been 880,000 shares per day over the past 30 days. Perfect World has a market cap of $618 million and is part of the
sector and
industry. Shares are down 51.9% year to date as of the close of trading on Monday.
Perfect World Co., Ltd., through its subsidiaries, operates as an online game developer and operator in China, the United States, Japan, and southeast Asia. The company develops online games based on its proprietary game engines and development platforms. The company has a P/E ratio of 5.2, below the average computer software & services industry P/E ratio of 5.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Perfect World as a
. 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 increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full
.
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