Perfect World Co. (PWRD) Posts Quarterly Results
Perfect World Co. (NASDAQ:PWRD) announced its earnings results on Monday. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.14, StockRatingsNetwork reports. The company had revenue of $149.60 million for the quarter, compared to the consensus estimate of $150.56 million.
Shares of Perfect World Co. (NASDAQ:PWRD) traded up 1.91% during mid-day trading on Monday, hitting $22.96. The stock had a trading volume of 1,261,106 shares. Perfect World Co. has a one year low of $16.26 and a one year high of $26.25. The stock has a 50-day moving average of $20.34 and a 200-day moving average of $19.84. The company has a market cap of $1.137 billion and a price-to-earnings ratio of 11.29.
A number of research firms have recently commented on PWRD. Analysts at Morgan Stanley upgraded shares of Perfect World Co. from an “equal weight” rating to an “overweight” rating in a research note on Monday. On a related note, analysts at Citigroup Inc. initiated coverage on shares of Perfect World Co. in a research note on Friday, July 25th. They set a “neutral” rating and a $20.74 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Perfect World Co. from $25.00 to $23.00 in a research note on Thursday, May 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $23.69.
Perfect World Co, Ltd. is an online game developer and operator in People’s Republic of China. The Company primarily develops online games based on its game engines and game development platforms.
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