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Shanda Games (NASDAQ:GAME)’s share price reached a new 52-week high on Thursday , StockRatingsNetwork reports. The stock traded as high as $6.61 and last traded at $6.50, with a volume of 1,123,277 shares changing hands. The stock had previously closed at $6.52.

The stock has a 50-day moving average of $5.36 and a 200-day moving average of $4.51. The company has a market cap of $1.742 billion and a P/E ratio of 11.50. Shanda Games also was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 2,061,176 shares, a decline of 26.4% from the January 15th total of 2,801,587 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 4,021,797 shares, the short-interest ratio is presently 0.5 days.

Shanda Games (NASDAQ:GAME) last announced its earnings results on Tuesday, November 26th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.03. The company had revenue of $182.90 million for the quarter, compared to the consensus estimate of $183.70 million. During the same quarter last year, the company posted $0.17 earnings per share. Shanda Games’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Shanda Games will post $0.81 earnings per share for the current fiscal year.

Shanda Games Limited (NASDAQ:GAME) is an online game company.

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