TravelSky Technology (OTCMKTS:TSYHY) Sets New 1-Year Low – Here’s What Happened

Shares of TravelSky Technology Ltd. (OTCMKTS:TSYHY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $12.06 and last traded at $12.06, with a volume of 2971 shares trading hands. The stock had previously closed at $12.72.

TravelSky Technology Stock Down 5.2%

The business’s 50-day moving average price is $13.26 and its 200-day moving average price is $13.51. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.04 and a current ratio of 3.05.

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.