Giant Interactive Group Stock Falls On Unusually High Volume (GA)
Giant Interactive Group (NYSE:GA) is trading at unusually high volume Monday with 3.6 million shares changing hands. It is currently at four times its average daily volume and trading down 69 cents (-8.1%).
NEW YORK ( TheStreet) -- Giant Interactive Group (NYSE: GA) is trading at unusually high volume Monday with 3.6 million shares changing hands. It is currently at four times its average daily volume and trading down 69 cents (-8.1%) at $7.81 as of 3:55 p.m. ET. Giant Interactive Group has a market cap of $1.9 billion and is part of the services sector and diversified services industry. Shares are up 19.4% year to date as of the close of trading on Friday. Giant Interactive Group, Inc. develops and operates online games in the People's Republic of China. The company focuses on massively multiplayer online (MMO) games that are played through networked game servers in which thousands of players are able to simultaneously connect and interact. The company has a P/E ratio of 15.4, above the average diversified services industry P/E ratio of 8.6 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Giant Interactive Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full Giant Interactive Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.