Hong Kong Television Network (OTCMKTS:HKTVY) Stock Falls 13.4% – Here’s Why

Hong Kong Television Network Ltd. (OTCMKTS:HKTVY – Get Free Report)’s share price dropped 13.4% during mid-day trading on Monday. The stock traded as low as $2.51 and last traded at $2.51. Approximately 245 shares were traded during trading, an increase of 5% from the average session volume of 234 shares. The stock had previously closed at $2.90.

Hong Kong Television Network Stock Performance

The stock has a 50 day moving average price of $2.69 and a 200 day moving average price of $2.73.

About Hong Kong Television Network

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Hong Kong Television Network Limited (OTCMKTS:HKTVY) is a Hong Kong-based technology and e-commerce company. Its principal business is the operation of HKTVmall, an online shopping platform that connects consumers with merchants and offers products across categories including electronics, household goods, health and beauty, fashion, food and beverages, and other consumer merchandise.

Through HKTVmall, the company provides marketplace services, digital retail tools, payment support, order fulfillment and delivery services.

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