VisionChina Media Inc. (VISN) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of VISN have tacked on 3.54% to $6.9 after closing the day prior at $6.66. In the first two and a half hours of trading, the stock has gone as high as $7.16 and as low as $6.67. Today’s rise has come with about 13,530 shares changing hands, compared to an average 30-day volume of 161,718 for VisionChina Media Inc.. The price is currently below the 30-day volume weighted average price of $6.88 for VISN.
The share appreciation gives the company a market capitalization of $34.03 million based upon 5.11 million shares outstanding. It also means that VISN has a price-to-book ratio of 6.31:1.
In the past 52 weeks, shares of VISN have traded as low as $4.88 and as high as $11.78. Technical traders will take note that at $6.9, shares of VISN are trading below their 200-day MA at $8.23 and above their 50-day MA at $6.15. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is VISN?
VisionChina Media Inc, operates the out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China based on the number of displays. The company’s 443 employees are led by CEO Limin Li from the corporate headquarters at Nongyuan Road in Shenzhen, .
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