DirectBooking Technology (NASDAQ:ZDAI) Trading Up 9.1% – Here’s Why

DirectBooking Technology Co., Ltd. (NASDAQ:ZDAI) shares shot up 9.1% on Friday . The company traded as high as $0.2761 and last traded at $0.2722. 73,863 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 99,714 shares. The stock had previously closed at $0.2494.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of DirectBooking Technology in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

DirectBooking Technology Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 2.65 and a quick ratio of 2.65. The company’s 50 day moving average price is $0.42.

DirectBooking Technology Company Profile

We are a holding company incorporated in the Cayman Islands with operations conducted by our Hong Kong subsidiary, Primega Construction. As a holding company with no material operations of its own, we conduct our operations in Hong Kong through our operating subsidiary, Primega Construction. Primega Construction is a provider of transportation services that employs environmentally friendly practices with the aim of facilitating reuse of C&D materials and reduction of construction waste. Through Primega Construction, we operate in the Hong Kong construction industry, mainly handling transportation of materials excavated from construction sites.