Shanda Games Stock Gaps Down On Today's Open (GAME)

NEW YORK ( TheStreet) -- Shares of Shanda Games (Nasdaq: GAME) were gapping down Friday morning with an open price 10.6% lower than Thursday's closing price. The stock closed at $4.54 Thursday and opened today's trading at $4.06.

The average volume for Shanda Games has been 582,000 shares per day over the past 30 days. Shanda Games has a market cap of $1.24 billion and is part of the technology sector and computer software & services industry. Shares are down 29.9% year to date as of the close of trading on Thursday.

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 6.6, below the average computer software & services industry P/E ratio of 8.4 and below the S&P 500 P/E ratio of 17.7.

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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