NEW YORK (

TheStreet

) --

Shanda Games

(Nasdaq:

GAME

) hit a new 52-week low Thursday as it is currently trading at $4.48, below its previous 52-week low of $4.51 with 36,609 shares traded as of 9:36 a.m. ET. Average volume has been 697,200 shares over the past 30 days.

Shanda Games has a market cap of $1.4 billion and is part of the

technology

sector and

computer software & services

industry. Shares are down 23% year to date as of the close of trading on Wednesday.

Shanda Games Limited, an online game company, develops, sources, operates, and publishes online games in the People's Republic of China. It also licenses its games to third parties. The company has a P/E ratio of 7.3, equal to the average computer software & services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Shanda Games as a

sell

. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself. You can view the full

Shanda Games Ratings Report

.

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