TravelSky Technology (OTCMKTS:TSYHY) Shares Down 0.9% - Here's Why

Key Points

• TravelSky Technology's stock price fell by 0.9%, trading at $15.25 after reaching a low of $15.11 during the day.
• The company recently increased its dividend to $0.2797, with a yield of 201.0%, which is a significant rise from the previous dividend of $0.18.
• The stock's trading volume was down by 65% compared to the average daily volume, indicating decreased investor activity.

TravelSky Technology Ltd. (OTCMKTS:TSYHY - )'s stock price was down 0.9% during trading on Thursday . The stock traded as low as $15.11 and last traded at $15.25. Approximately 634 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,804 shares. The stock had previously closed at $15.39.

TravelSky Technology Price Performance

The firm's fifty day simple moving average is $14.97 and its 200 day simple moving average is $14.41.

TravelSky Technology Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, October 8th. Shareholders of record on Thursday, June 19th will be issued a $0.2797 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This is a positive change from TravelSky Technology's previous dividend of $0.18. This represents a yield of 201.0%.

About TravelSky Technology

TravelSky Technology Limited, together with its subsidiaries, provides information technology solutions for aviation and travel industries in the People's Republic of China. It primarily offers aviation information technology (AIT), distribution information technology, accounting, settlement, and clearing services.

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