Chykingyoung Investment Development (OTCMKTS:CHYI) Shares Up 268.5% - Time to Buy?

Key Points

• Chykingyoung Investment Development Holdings Inc. shares surged 268.5%, reaching a trading high of $0.50, significantly up from a previous close of $0.14.
• The company has a market capitalization of $196.77 million, a P/E ratio of 8.29, and a beta of 7.18, indicating high volatility.
• Chykingyoung specializes in Internet hotel booking services through its subsidiary, catering mainly to travel agents in Canadian cities like Vancouver and Toronto.

Shares of Chykingyoung Investment Development Holdings Inc. (OTCMKTS:CHYI - Get Free Report) shot up 268.5% during mid-day trading on Thursday . The company traded as high as $0.50 and last traded at $0.50. 100 shares changed hands during trading, a decline of 67% from the average session volume of 300 shares. The stock had previously closed at $0.14.

Chykingyoung Investment Development Price Performance

The stock's fifty day simple moving average is $0.37 and its 200-day simple moving average is $0.29. The company has a market capitalization of $196.77 million, a P/E ratio of 8.29 and a beta of 7.18.

Chykingyoung Investment Development (OTCMKTS:CHYI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.06 earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.

Chykingyoung Investment Development Company Profile

Chykingyoung Investment Development Holdings Inc, through its subsidiary, OneWorld Hotel Destination Service Inc, provides Internet hotel booking services. The company offers a proprietary online hotel booking program for connecting users with available rooms in hotels worldwide. It primarily serves travel agents in Vancouver, Toronto, Calgary, and Montreal, Canada.

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