Kingdee International Software Group (OTCMKTS:KGDEY) Shares Gap Up – Time to Buy?

Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $164.30, but opened at $188.14. Kingdee International Software Group shares last traded at $188.50, with a volume of 34 shares changing hands.

Analysts Set New Price Targets

Separately, Hsbc Global Res 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, Based on data from MarketBeat, the stock presently has an average rating of “Strong Buy”.

Kingdee International Software Group Stock Performance

The firm has a 50 day simple moving average of $179.18 and a two-hundred day simple moving average of $194.13.

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.