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 prior to trading on Friday. The stock had previously closed at $120.16, but opened at $109.33. Kingdee International Software Group shares last traded at $109.33, with a volume of 3 shares.

Analyst Upgrades and Downgrades

Separately, Zacks Research assumed coverage on shares of Kingdee International Software Group in a report on Tuesday, November 10th. They issued a “hold” rating for the company. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Kingdee International Software Group presently has a consensus rating of “Hold”.

Kingdee International Software Group Trading Down 4.0%

The company has a fifty day moving average price of $104.49 and a 200 day moving average price of $109.10.

Kingdee International Software Group Company Profile

Kingdee International Software Group is a Chinese enterprise software company that develops cloud-based business management and enterprise resource planning (ERP) systems. Its products help organizations manage functions such as finance, supply chains, human resources and operations. The company offers software for businesses of different sizes, including its Kingdee Cloud product family and systems such as KIS and K/3. Its services also include cloud computing and digital transformation solutions.