NEW YORK ( TheStreet) -- Shanda Interactive Entertainment (Nasdaq: SNDA) hit a new 52-week high Monday as it is currently trading at $49.38, above its previous 52-week high of $48.88 with 370,936 shares traded as of 2:02 p.m. ET. Average volume has been 237,100 shares over the past 30 days.

Shanda Interactive Entertainment has a market cap of $2.9 billion and is part of the technology sector and computer software & services industry. Shares are up 10.9% 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 21.6, below the average computer software & services industry P/E ratio of 28.3 and above the S&P 500 P/E ratio of 16.4.
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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 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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