Stock in News Spotlight: Gridsum Holding Inc. (NASDAQ: GSUM)

 Shares of Gridsum Holding Inc. (NASDAQ: GSUM) were transacted with a volume of 51123 shares in last trading period as compared to its average volume of 156.18K shares over last three months period. The stock price scored 1.36% and valued at $2.23.

Gridsum Holding Inc. a China based Company, belongs to Technology sector and Application Software industry. Shares of the company returned -0.45% during the last five trading days and it returned 4.69% in past 30 trading days. It changed -59.60% over recent three months. The stock has changed -83.21% in one year period and YTD Performance clocked at 0.00%.

Gridsum Holding Inc. (NASDAQ: GSUM) publicized the appointment of Herman Fong as executive director and co-president, with a focus on corporate development.

Mr. Fong brings approximately 22 years of experience in the financial markets to Gridsum. From 2011 to October 2018, he was a partner and Chief Investment Officer of Public Markets Strategy at Pacific Alliance Group (“PAG”) Hong Kong, one of Asia’s largest alternative investment management firms that manages assets across a diverse array of private equity, real estate and absolute return strategies. While at PAG, he started and managed the firm’s liquid trading strategies business, and oversaw the investment, trading, operations, risk and compliance teams. Prior to PAG Hong Kong, he started the Hong Kong office for D.B. Zwirn Asia Partners Ltd., where he was Managing Director and CIO of Asia Pacific liquid trading strategies from 2005 to 2008. Prior to D.B. Zwirn, he held a variety of senior roles in trading across Asia, including at ABN AMRO Bank in Hong Kong from 2002 to 2005, Credit Agricole Indosuez in Hong Kong from 2000 to 2002, Lehman Brothers in Tokyo from 1998 to 2000, and Salomon Brothers in Hong Kong from 1996 to 1998. Mr. Fong received a Master of Science in operations research from Stanford University and a Bachelor of Science in mechanical engineering from University of California, Berkeley.

Mr. Fong replaces Xiang (Sean) Fan, who has served as a member of the Company’s Board of Directors since 2015 and resigned from that position concurrently with Mr. Fong’s appointment. The price moved ahead 16.75% from the mean of 20 days, -24.02% from 50 and separated -57.83% from 200 days average price. Its price volatility for a month is at 16.20% and for a week, volatility remained at 11.39%. Company’s price to sales ratio for last 12 months was 1.03 while its price to book ratio for the most recent quarter was 1.27. Its Market Cap valued at $75.66M.

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