TravelSky Technology (OTCMKTS:TSYHY) Reaches New 52-Week Low - Here's What Happened

Key Points

• TravelSky Technology (OTCMKTS:TSYHY) hit a new 52-week low of $12.06 in mid-day trading, down about 5.2% from the prior close of $13.8740 on light volume (165 shares).
• The stock is trading below its 50- and 200-day moving averages (both $13.62); the company reports low leverage (debt-to-equity 0.02) and strong liquidity (current ratio 3.03, quick ratio 3.02).
• TravelSky is a leading provider of aviation IT in China, offering passenger service systems and an electronic distribution network that underpins most domestic air ticketing.

TravelSky Technology Ltd. (OTCMKTS:TSYHY - Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $12.06 and last traded at $12.06, with a volume of 165 shares changing hands. The stock had previously closed at $13.8740.

TravelSky Technology Trading Down 5.2%

The firm's fifty day moving average price is $13.62 and its 200 day moving average price is $13.62. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.03 and a quick ratio of 3.02.

About TravelSky Technology

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.

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