Sky-mobi (MOBI) Is Today's Dead Cat Bounce Stock
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified Sky-mobi ( MOBI) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Sky-mobi as such a stock due to the following factors:
- MOBI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.4 million.
- MOBI has traded 74,212 shares today.
- MOBI is up 3.5% today.
- MOBI was down 5.9% yesterday.
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More details on MOBI:
Sky-mobi Limited, through its subsidiaries, is engaged in the operation of a mobile application platform embedded on mobile phones to provide mobile application store and services in the People's Republic of China. MOBI has a PE ratio of 83.2.
The average volume for Sky-mobi has been 664,500 shares per day over the past 30 days. Sky-mobi has a market cap of $253.8 million and is part of the technology sector and computer software & services industry. Shares are up 114.5% year-to-date as of the close of trading on Thursday.
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