Boston, MA 06/17/2013 (wallstreetpr) – The prices of American Depository Shares of Sky–mobi Ltd ADR (NASDAQ:MOBI) had surged by 17.01 percent to close at $3.37 per share for the end of last trading session on Friday. The shares of the company had been trading in the range of $2.83 to $3.48 per ADR for the day, after opening at $2.83 per ADR. The American Depository Shares of Sky – mobi Ltd ADR (NASDAQ:MOBI) had recorded 52 week low price level of $1.54 per ADR and 52 week high price level of $3.49 per ADR.
Sky – mobi Ltd ADR (NASDAQ:MOBI) is primarily engaged in the operation of mobile application stores in the People’s Republic of China. The company operates mobile social games and is also involved in providing applications and social content with social network functions to its registered members. With its primary focus on the mobile markets in China, Sky – mobi Ltd ADR (NASDAQ:MOBI) collaborates with handset companies to pre install its mobile application, Maopao on the mobile handsets before they are packed for shipment.
The mobile application ecosystem of Sky – mobi Ltd ADR (NASDAQ:MOBI) is extended to individual users, especially of younger age, handset companies, content providers and payment service providers. The American Depository Shares of the company had recently been trading at higher prices with heavy trading volumes.
The company had witnessed the trade of 301,282 shares on Friday, while the average trading volume is at 206,347 shares per day. Sky – mobi Ltd ADR (NASDAQ:MOBI) presently holds 32.28 million ADRs outstanding in the market with an institutional ownership of 3 percent of its holdings.
