ChinaCache International (CCIH) Shares Down 6.6%

ChinaCache International Holdings Ltd (NASDAQ:CCIH)’s share price fell 6.6% during mid-day trading on Friday . The stock traded as low as $2.60 and last traded at $2.70. 1,112,010 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 5,198,501 shares. The stock had previously closed at $2.89.

The stock has a market cap of $69.59, a price-to-earnings ratio of -0.56 and a beta of 0.63.

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ChinaCache International Company Profile

ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses, government agencies and other enterprises to manage the scalability of their online services and applications. Its across the nation service platform, which consists of its network, servers and software, is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers.

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