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NEW YORK (TheStreet) -- Shares of One Horizon Group (OHGI) are rising 2.13% to 92 cents on heavy trading volume late Thursday morning as its Chinese mobile app Aishuo surpassed 28 million subscriber downloads.

Aishuo allows consumers to talk and SMS application-to-application for free and call, or text a landline or mobile phone domestically and abroad for a "nominal" cost, according to the company.

"We are addressing a high-quality void for mobile consumers, at a low cost, in China," CEO Brian Collins stated, "Because Aishuo consumes 10x less mobile data and 8x less battery life than any other mobile VoIP technology available today, the voice quality is better as compared to other OTT solutions."

The app is available for free on Apple's (AAPL) iTunes, Baidu.com (BIDU) and other app stores.

The Limerick, Ireland-based company is engaged in the development and licensing of software for mobile voice over Internet protocol (VoIP).

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About 2.3 million of One Horizon's shares changed hands by late this morning compared to its average 30-day volume of 21,746 shares per day.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D- on the stock.

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and generally disappointing historical performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: OHGI

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