TravelSky Technology (OTCMKTS:TSYHY) Sees Large Volume Increase – Still a Buy?

Shares of TravelSky Technology Ltd. (OTCMKTS:TSYHYGet Free Report) saw unusually-high trading volume on Monday . 30,756 shares were traded during trading, an increase of 281% from the previous session’s volume of 8,065 shares.The stock last traded at $11.14 and had previously closed at $11.35.

TravelSky Technology Stock Performance

The stock’s 50-day moving average price is $11.30 and its 200 day moving average price is $12.62. The company has a quick ratio of 3.04, a current ratio of 3.05 and a debt-to-equity ratio of 0.02.

TravelSky Technology Company Profile

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TravelSky Technology Limited is a leading provider of information technology solutions for the air travel industry in the People’s Republic of China. Established in 2001 through an asset reorganization of aviation IT operations previously overseen by the Civil Aviation Administration of China, the company has developed a comprehensive platform for airline reservation, distribution and related services. TravelSky’s technology underpins the vast majority of domestic air ticketing in China and supports a growing number of international carriers and travel agencies.

The company’s core offerings include a passenger service system (PSS) that manages reservation and ticketing processes, as well as an electronic distribution network that connects airlines with travel agents, corporate accounts and online channels.

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