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

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.

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

TravelSky Technology Stock Down 2.6%

The stock's fifty day simple moving average is $14.98 and its two-hundred day simple moving average is $14.42.

TravelSky Technology Increases Dividend

The business 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. This is a boost from TravelSky Technology's previous dividend of $0.18. The ex-dividend date is Wednesday, June 18th. This represents a dividend 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.