Electronic Arts Adds 5% (ERTS)
Video game publisher Electronic Arts (NASDAQ: ERTS) is a winner on Wednesday, rising around 5% in early trade to $19.44. The move is coming on heavy volume with nearly 10 million ERTS shares already trading hands compared to a 3-month daily average of around 5.7 million. The stock trades at a forward P/E of 22.6 and a PEG ratio of 1.53. Year-to-date, ERTS is up almost 19%.
Electronic Arts Inc. develops, markets, publishes and distributes video game software and content that can be played by consumers on a range of platforms, including video game consoles, such as the PLAYSTATION 3, Microsoft Xbox 360 and Nintendo Wii.
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