ChinaCache International (CCIH) Stock Price Up 7.9%

ChinaCache International Holdings Ltd (NASDAQ:CCIH) rose 7.9% during mid-day trading on Thursday . The company traded as high as $2.82 and last traded at $2.72. Approximately 1,816,800 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 6,032,271 shares. The stock had previously closed at $2.52.

The company has a market capitalization of $69.59, a P/E ratio of -0.60 and a beta of 0.63.

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About ChinaCache International

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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