iDreamSky Technology Ltd (DSKY) Sees Large Volume Increase
iDreamSky Technology Ltd (NASDAQ:DSKY) shares saw unusually-strong trading volume on Wednesday . Approximately 130,341 shares traded hands during trading, an increase of 128% from the previous session’s volume of 57,214 shares.The stock last traded at $13.85 and had previously closed at $13.78.
The stock has a market capitalization of $627.91 million and a PE ratio of 88.28. The stock’s 50 day moving average price is $13.58 and its 200-day moving average price is $13.62.
iDreamSky Technology Limited is a holding company. The Company, through its subsidiaries, and its variable interest entities (VIEs) is principally engaged in the licensing and operating of single player mobile games and mobile online games (the listing business) in the People’s Republic of China. The Company is an independent mobile game publishing platform in China.