Kingsoft Co. Limited (OTCMKTS:KSFTF – Get Free Report)’s share price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $3.18 and traded as high as $3.23. Kingsoft shares last traded at $3.23, with a volume of 100 shares changing hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded shares of Kingsoft to a “sell” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Check Out Our Latest Research Report on KSFTF
Kingsoft Stock Up 6.2%
The business has a fifty day moving average price of $3.24 and a 200-day moving average price of $3.18.
About Kingsoft
Kingsoft Corporation Limited is a China-based software and internet services company. Established in 1988, the company develops productivity software, cloud-based applications and online games through businesses including Kingsoft Office and Kingsoft Games.
Its office software portfolio includes WPS Office, a suite of word processing, spreadsheet, presentation and document-management tools, as well as related collaboration and cloud services. The company serves individual users, businesses and government organizations, with products available in China and international markets.
Kingsoft also develops and operates online games across personal computer and mobile platforms.
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