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

NEW YORK ( TheStreet) -- Shares of Shanda Games (Nasdaq: GAME) were gapping down Monday morning with an open price 20.5% lower than Friday's closing price. The stock closed at $4.73 Friday and opened today's trading at $3.76.

The average volume for Shanda Games has been 421,400 shares per day over the past 30 days. Shanda Games has a market cap of $1.23 billion and is part of the technology sector and computer software & services industry. Shares are up 21.5% year to date as of the close of trading on Friday.

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 seven, below the average computer software & services industry P/E ratio of 8.3 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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