Boston, MA 07/23/2013 (wallstreetpr) – During the last trading activity, the shares of Shanda Games Limited (ADR) (NASDAQ:GAME) was down by 0.87% and closed at the price of $ 5.69. During the day, the total number of 1.45 million shares was traded which remained higher as compared to the average trading volume which was 773,942.00 shares.
More recently, the Shanda Games Limited has made an announcement regarding the Million Arthur’s iOS version, which is a mobile game published by Actoz Soft, one of the subsidiaries of Shanda Games Limited. This game has captured the third place in the top grossing applications of all categories on China’s Apple Store. This announcement was made on July 18th, 2013 following the official release of best test launch.
In recent times, Shanda Games Limited and Giant Interactive Group are found to have beaten the market successfully, which have increased by 33% and 15% respectively when compared with the last quarter. Shanda Games Limited is immobile in competing and is currently trading at the trailing P/E ratio of 6.9 which was followed by the great increase in their markets.
During this year, the stock of Shanda Games Limited is about 83.97% up which has shown an increase of 46.43% increase during the past 12 months. During the previous trading, the company has traded a total number of 4.48 million shares which was again higher than the average trading volume.
Shanda Games Limited is involved in the process of developing and operating online games and many other related businesses in China. The company has built a wide game portfolio and game pipeline through various channels like development, license, invest, acquire and joint operations. The company is involved in the licensing of games from both the domestic as well as the international developers.