Equities researchers at Wedbush hoisted their target price on shares of Electronic Arts (NYSE:EA) to $37.00 in a research report issued on Monday, Analyst Ratings.Net reports. Wedbush’s price objective suggests a potential upside of 26.32% from the stock’s previous close. Electronic Arts Inc. (NASDAQ:EA) shares after opening at $29.13on last trade day and at the end of the day closed at $29.47. Company price to sales ratio in past twelve months was calculated as 2.49 and price to cash ratio as 4.41. Electronic Arts Inc. (NASDAQ:EA) showed a positive weekly performance of 0.61%.
One stock that might be an intriguing choice for investors right now is Glu Mobile Inc. (NASDAQ:GLUU). This is because this security in the Multimedia & Graphics Software space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Glu Mobile Inc. (NASDAQ:GLUU) shares advanced 0.21% in last trading session and ended the day on $4.75. GLUU return on equity ratio is recorded as -45.50% and its return on assets is -26.10%. Glu Mobile Inc. (NASDAQ:GLUU) yearly performance is 81.99%.
On, March 16, 2014, Giant Interactive Group Inc (ADR) (NYSE:GA), announced today, March 17, 2014 in Shanghai, China that it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with Giant Investment Limited (“Parent”) and Giant Merger Limited, a wholly owned subsidiary of Parent (“Merger Sub”). Giant Interactive Group Inc (ADR) (NYSE:GA) shares moved up 0.26% in last trading session and was closed at $11.60, while trading in range of $11.55 – 11.60. Giant Interactive Group Inc (ADR) (NYSE:GA) year to date (YTD) performance is 3.20%.
March 21, 2014 — Shanda Games Limited (ADR)(NASDAQ:GAME), today announced its unaudited consolidated financial results for the fourth quarter and full year 2013 ended December 31, 2013. Fourth Quarter Non-GAAP Financial Highlights: Net revenues were RMB1,029.3 million (US$168.8 million), down 8.5% QoQ and 6.0% YoY. Gross profit was RMB789.6 million (US$129.6 million), down 3.5% QoQ and 8.0% YoY. Gross margin was 76.7%, compared with 72.8% in Q3 2013 and 78.4% in Q4 2012. Operating income was RMB432.9 million (US$71.1 million), down 10.4% QoQ and 16.1% YoY. Operating margin was 42.1%, compared with 43.0% in Q3 2013 and 47.1% in Q4 2012. Shanda Games Limited (ADR)(NASDAQ:GAME) on last trading day company shares ended up $6.50. Shanda Games Limited (ADR)(NASDAQ:GAME) distance from 50-day simple moving average (SMA50) is 1.42%. Analysts mean target price for the company is $4.78.