TravelSky Technology (OTCMKTS:TSYHY) Trading Down 3.4% – What’s Next?

TravelSky Technology Ltd. (OTCMKTS:TSYHY) shares fell 3.4% on Wednesday . The company traded as low as $13.0505 and last traded at $13.2250. 1,276 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 3,089 shares. The stock had previously closed at $13.69.

TravelSky Technology Stock Performance

The company has a quick ratio of 3.02, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average price is $13.70 and its 200-day moving average price is $14.15.

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.