iDreamSky Technology Ltd (DSKY) Sees Unusually-High Trading Volume
Shares of iDreamSky Technology Ltd (NASDAQ:DSKY) saw strong trading volume on Wednesday . 130,341 shares changed hands during mid-day 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 firm has a market capitalization of $628.37 million and a price-to-earnings ratio of 88.34. The stock’s 50-day moving average price is $13.61 and its 200-day moving average price is $13.63.
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.
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