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

Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY) gapped down before the market opened on Wednesday . The stock had previously closed at $149.52, but opened at $141.01. Kingdee International Software Group shares last traded at $141.1416, with a volume of 3 shares trading hands.

Wall Street Analyst Weigh In

Separately, HSBC raised Kingdee International Software Group to a “strong-buy” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Kingdee International Software Group currently has a consensus rating of “Strong Buy”.

Kingdee International Software Group Trading Down 5.6%

The company’s fifty day moving average price is $174.26 and its 200-day moving average price is $190.90.

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.