TravelSky Technology (OTCMKTS:TSYHY) Sees Strong Trading Volume – Still a Buy?

TravelSky Technology Ltd. (OTCMKTS:TSYHY) saw unusually-strong trading volume on Thursday . Approximately 119,073 shares traded hands during mid-day trading, an increase of 2,402% from the previous session’s volume of 4,760 shares.The stock last traded at $12.71 and had previously closed at $13.0025.

TravelSky Technology Price Performance

The company has a 50-day simple moving average of $13.42 and a two-hundred day simple moving average of $13.55.

TravelSky Technology Company Profile

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.