Kingdee International Software Group (OTCMKTS:KGDEY) Stock Price Down 3.7% – Should You Sell?

Shares of Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY) dropped 3.7% during mid-day trading on Wednesday . The stock traded as low as $163.86 and last traded at $163.86. Approximately 1 shares traded hands during trading, a decline of 99% from the average daily volume of 106 shares. The stock had previously closed at $170.10.

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 investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Kingdee International Software Group presently has an average rating of “Strong Buy”.

Kingdee International Software Group Stock Down 3.7%

The company has a fifty day moving average of $182.83 and a two-hundred day moving average of $194.21.

Kingdee International Software Group Company Profile

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.