NEW YORK (TheStreet) -- Shares of Giant Interactive Group (NYSE:GA) were gapping down Monday morning with an open price 39% lower than Friday's closing price. The stock closed at $7.80 Friday and opened today's trading at $4.76.
The average volume for Giant Interactive Group has been 1.1 million shares per day over the past 30 days. Giant Interactive Group has a market cap of $1.8 billion and is part of the services sector and diversified services industry. Shares are up 9.6% year to date as of the close of trading on Friday.
Giant Interactive Group, Inc. develops and operates online games in the People's Republic of China. The company focuses on massively multiplayer online (MMO) games that are played through networked game servers in which thousands of players are able to simultaneously connect and interact. The company has a P/E ratio of 14.9, above the average diversified services industry P/E ratio of 8.3 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Giant Interactive Group as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and feeble growth in the company's earnings per share. You can view the full Giant Interactive Group Ratings Report.
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