Kingdee International Software Group (OTCMKTS:KGDEY) Shares Up 7.8% – Here’s Why

Kingdee International Software Group Company Limited (OTCMKTS:KGDEY) shares traded up 7.8% on Monday . The company traded as high as $114.05 and last traded at $114.05. 2 shares changed hands during trading, a decline of 98% from the average session volume of 130 shares. The stock had previously closed at $105.84.

Wall Street Analysts Forecast Growth

Separately, Dbs Bank raised shares of Kingdee International Software Group to a “strong-buy” rating in a research note on Friday, August 16th.

Kingdee International Software Group Trading Down 11.7 %

The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a 50 day simple moving average of $102.68 and a two-hundred day simple moving average of $94.54.

Kingdee International Software Group Company Profile

Kingdee International Software Group Company Limited, an investment holding company, engages in the enterprise resource planning business. The company operates through ERP Business and Others, Cloud Services Business, and Investment Properties Operating Business segments. The ERP Business and Others segment sells software and hardware products; and provides software solution consulting, maintenance, upgrade, and other supporting services, as well as software implementation services.