ChinaCache International Holdings Ltd. (CCIH) is one of the best performing stocks in the technology sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of CCIH have climbed 3.36% about 30 minutes into the session to $1.23 after closing the day prior at $1.19. It’s early, but the stock has traded as high as $1.23 and as low as $1.2 so far. Today’s quick advance has come with about 12,014 shares changing hands, compared to an average 30-day volume of 112,292 for ChinaCache International Holdings Ltd.. The price is currently below the 30-day volume weighted average price of $1.2 for CCIH.
The share appreciation gives the company a market capitalization of $29.76 million based upon 25.0 million shares outstanding. It also means that CCIH has a price-to-book ratio of 0.53:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of CCIH have traded as low as $1.13 and as high as $9.6499. Technical traders will take note that at $1.23, shares of CCIH are trading below their 200-day MA at $3.62 and below their 50-day MA at $1.87. 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 CCIH?
ChinaCache International Holdings Ltd is a provider of Internet content and application delivery services in China. It provides a portfolio of services and solutions to businesses, government agencies and other enterprises. The company’s 1128 employees are led by CEO Song Wang from the corporate headquarters at No. 7 Jiuxianqiao North Road.
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