Kingdee International Software Group (OTCMKTS:KGDEY) Shares Gap Down – Here’s Why

Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY) gapped down prior to trading on Friday . The stock had previously closed at $193.71, but opened at $176.66. Kingdee International Software Group shares last traded at $176.43, with a volume of 3 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res upgraded Kingdee International Software Group to a “strong-buy” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Kingdee International Software Group Trading Down 11.0%

The business has a fifty day moving average price of $199.30 and a 200 day moving average price of $190.21.

About Kingdee International Software Group

Kingdee International Software Group Company Limited, an investment holding company, engages in the enterprise resource planning business. The company operates through ERP Business and Others, Cloud Services Business, and Investment Properties Operating Business segments. The ERP Business and Others segment sells software and hardware products; and provides software solution consulting, maintenance, upgrade, and other supporting services, as well as software implementation services.