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

Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY)’s stock price gapped down before the market opened 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.

Wall Street Analyst Weigh In

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, Based on data from MarketBeat, Kingdee International Software Group currently has a consensus rating of “Strong Buy”.

Kingdee International Software Group Stock Down 3.2%

The stock’s 50 day moving average price is $186.01 and its two-hundred day moving average price is $193.80.

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.