TravelSky Technology (OTCMKTS:TSYHY) Stock Price Down 5.5% - Here's What Happened

Key Points

• TravelSky Technology Ltd.'s stock price fell by 5.5% to $15.07, with trading volume significantly down by 70% compared to its average.
• The company has announced an increase in its dividend to $0.2797 per share, marking a rise from the previous dividend of $0.18, and providing a substantial yield of 201.0%.
• TravelSky Technology specializes in providing information technology solutions for the aviation and travel industries in China, including a range of IT services.

Shares of TravelSky Technology Ltd. (OTCMKTS:TSYHY - Get Free Report) were down 5.5% during trading on Monday . The company traded as low as $15.07 and last traded at $15.07. Approximately 685 shares were traded during trading, a decline of 70% from the average daily volume of 2,280 shares. The stock had previously closed at $15.95.

TravelSky Technology Stock Performance

The business's 50 day simple moving average is $14.98 and its 200 day simple moving average is $14.42.

TravelSky Technology Increases Dividend

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

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.