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Wednesday, March 6, 2013

Potentially Oversold Level Reached (NASDAQ: GAME)

Shares of GAME traded higher by 1.69% or $0.05/share to $3.00. NASDAQ is trading at a price to book ratio of 1.18. This indicates that the shares are relatively cheap compared to book value which means the market is pricing in going concern value. The PEG is 0.48 suggesting that the shares are trading at an excellent value relative to firm's growth rate. The price to sales ratio came in at 1.07. Thus, the company is not very expensive in terms of its sales. On average, 423678 shares of GAME exchange hands on a given day and today's volume is recorded at 103949. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.

Shanda Games Limited (Shanda Games) is engaged in the development and operation of online games and related businesses in the People?s Republic of China.