Perfect World Stock Gaps Up On Today's Open (PWRD)
Shares of Perfect World (Nasdaq:PWRD) were gapping up Friday morning with an open price 25.3% higher than Thursday's closing price. The stock closed at $12.55 yesterday and opened today's trading at $15.73.
NEW YORK ( TheStreet) -- Shares of Perfect World (Nasdaq: PWRD) were gapping up Friday morning with an open price 25.3% higher than Thursday's closing price. The stock closed at $12.55 Thursday and opened today's trading at $15.73. The average volume for Perfect World has been 929,300 shares per day over the past 30 days. Perfect World has a market cap of $487.1 million and is part of the technology sector and computer software & services industry. Shares are up 19.9% year to date as of the close of trading on Thursday. Perfect World Co., Ltd., through its subsidiaries, operates as an online game developer and operator in China, the United States, Japan, and southeast Asia. The company develops online games based on its proprietary game engines and development platforms. The company has a P/E ratio of 5.4, above the average computer software & services industry P/E ratio of five and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Perfect World as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Perfect World Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.
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