DALLAS, June 14, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Sky-mobi Ltd. (Nasdaq:MOBI). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Sky-mobi Ltd. (MOBI) operates the leading mobile application store in China. The Company works with handset companies to pre-install its Maopao mobile application store on handsets and with content developers to provide users with high quality applications and content titles. In addition, the Company established a leading mobile social network community in China, the Maopao Community, where it offers popular localized mobile social games as well as applications and content with social network functions to its registered members.
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In the report, the analyst notes:
"Shares of MOBI dropped $0.75, or 11.06%, to close at $6.03 Monday. Approximately 844,000 shares have traded hands during the session, compared with the stock's 10-day average volume of about 938,000 shares. MOBI has so far reached a 52-week high of $23.25, its 52-week low being $4.98. It is currently below its 50-day moving average of $11.95 and above its 200-day moving average of $9.66. Market capitalization currently stands at $194.00 million and it has 32.17 million outstanding shares."
"MOBI recently announced that it has signed a partnership agreement with Jiayuan.com International Ltd., the operator of the largest online dating platform in China."
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