Stock To Watch: Sky-mobi (MOBI) In Perilous Reversal

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 "perilous reversal" (up big yesterday but down 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 $14.9 million.
  • MOBI has traded 964,877 shares today.
  • MOBI is down 3.2% today.
  • MOBI was up 6.1% 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 685,800 shares per day over the past 30 days. Sky-mobi has a market cap of $238.9 million and is part of the technology sector and computer software & services industry. Shares are up 127.7% year-to-date as of the close of trading on Friday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Sky-mobi as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

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