TravelSky Technology (OTCMKTS:TSYHY) Shares Gap Down - Should You Sell?

Key Points

• Shares gapped down pre-market, opening at $12.95 versus the prior close of $13.8740 (MarketBeat notes the stock is trading down ~9.5%) with light volume of 965 shares.
• Strong liquidity and minimal leverage: quick ratio 3.02, current ratio 3.03 and debt-to-equity of 0.02, with both the 50- and 200-day moving averages at $13.63.
• Business overview: TravelSky is the dominant provider of aviation IT in China, operating passenger service systems and an electronic distribution network that underpins most domestic air ticketing.

Shares of TravelSky Technology Ltd. (OTCMKTS:TSYHY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $13.8740, but opened at $12.95. TravelSky Technology shares last traded at $12.95, with a volume of 965 shares traded.

TravelSky Technology Trading Down 9.5%

The company has a quick ratio of 3.02, a current ratio of 3.03 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average price of $13.63 and a two-hundred day moving average price of $13.63.

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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