Perfect World Stock Gaps Down On Today's Open (PWRD)
Shares of Perfect World (Nasdaq:PWRD) were gapping down Wednesday morning with an open price 13.7% lower than Tuesday's closing price. The stock closed at $11.50 yesterday and opened today's trading at $9.92.
NEW YORK ( TheStreet) -- Shares of Perfect World (Nasdaq: PWRD) were gapping down Wednesday morning with an open price 13.7% lower than Tuesday's closing price. The stock closed at $11.50 Tuesday and opened today's trading at $9.92. The average volume for Perfect World has been one million shares per day over the past 30 days. Perfect World has a market cap of $516.3 million and is part of the technology sector and computer software & services industry. Shares are up 9.8% year to date as of the close of trading on Tuesday. 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 3.7, equal to the average computer software & services industry P/E ratio 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 impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Perfect World Ratings Report. Get more investment ideas from our investment research center.
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