iDreamSky Technology Ltd (DSKY) Sees Large Volume Increase

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Shares of iDreamSky Technology Ltd (NASDAQ:DSKY) saw unusually-strong trading volume on Wednesday . Approximately 744,917 shares traded hands during trading, an increase of 625% from the previous session’s volume of 102,747 shares.The stock last traded at $13.93 and had previously closed at $13.91.
The firm’s 50-day moving average price is $13.65 and its 200 day moving average price is $13.64. The firm has a market capitalization of $631.08 million and a price-to-earnings ratio of 89.29.
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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