Kingdee International Software Group (OTCMKTS:KGDEY) Shares Gap Down – What’s Next?

Shares of Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY) gapped down prior to trading on Friday . The stock had previously closed at $174.76, but opened at $169.1867. Kingdee International Software Group shares last traded at $169.1867, with a volume of 1 shares trading hands.

Analyst Ratings Changes

Separately, Hsbc Global Res raised shares of Kingdee International Software Group to a “strong-buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Kingdee International Software Group currently has an average rating of “Strong Buy”.

Kingdee International Software Group Price Performance

The company’s 50-day simple moving average is $185.36 and its 200-day simple moving average is $194.25.

About Kingdee International Software Group

Kingdee International Software Group, trading OTCMKTS: KGDEY, is a leading provider of enterprise management software and cloud services. The company specializes in developing integrated solutions that support financial management, supply chain operations, manufacturing, human capital management and customer relationship functions. Its flagship offerings include on-premise enterprise resource planning (ERP) systems as well as cloud-native SaaS platforms designed for small and medium-sized enterprises (SMEs) and large organizations alike.

Kingdee’s software suite features modular components that enable businesses to automate routine processes, improve data visibility and drive operational efficiency.