TravelSky Technology (OTCMKTS:TSYHY) Shares Gap Up - Time to Buy?

Key Points

• Shares gapped up — TravelSky opened at $14.0510 (after a $13.66 close) and last traded at $14.14, roughly a 2.9% gap on light volume of 1,192 shares.
• Solid balance-sheet metrics — the company has a very low debt-to-equity ratio (0.02) and strong liquidity (current ratio 3.03, quick ratio 3.02), with the stock trading above its 50- and 200-day moving averages (~$13.66).
• Market-leading aviation IT provider in China — TravelSky’s passenger service system and electronic distribution network underpin the majority of domestic air ticketing and support growing international channels.

TravelSky Technology Ltd. (OTCMKTS:TSYHY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $13.66, but opened at $14.0510. TravelSky Technology shares last traded at $14.14, with a volume of 1,192 shares changing hands.

TravelSky Technology Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.03 and a quick ratio of 3.02. The company has a 50-day moving average price of $13.66 and a 200 day moving average price of $13.65.

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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