Zacks Investment Research downgraded shares of KINGDEE INTL SO/ADR (OTCMKTS:KGDEY) from a strong-buy rating to a hold rating in a report published on Wednesday, Zacks.com reports.
According to Zacks, “Kingdee International Software Group Co., Ltd. is an investment holding company. It engages in the developing, manufacturing and selling of enterprise management software products and provision of software-related technical services primarily in China. The company’s operating business segments consists of Enterprise Management Software Business and Others. Enterprise Management Software Business segment engages in the selling and implementation of enterprise management software, provision of other related services and sales of hardware related to enterprise management software arrangements. Others segment engages in the selling of middleware software business and provision of online management services. Kingdee International Software Group Co., Ltd. is headquartered in Shenzhen, China. “
Separately, ValuEngine raised shares of KINGDEE INTL SO/ADR from a hold rating to a buy rating in a report on Friday, March 15th.
OTCMKTS KGDEY remained flat at $$126.79 on Wednesday. 100 shares of the company’s stock were exchanged, compared to its average volume of 11. KINGDEE INTL SO/ADR has a 52 week low of $87.92 and a 52 week high of $133.69.
About KINGDEE INTL SO/ADR
Kingdee International Software Group Company Limited, an investment holding company, develops, manufactures, markets, and sells enterprise management software products. The company operates through ERP Business, Cloud Services Business, and Others segments. The ERP Business segment is involved in the sale and implementation of enterprise management software; provision of other related services; sale of hardware related services to enterprise management software arrangements; and sale of middleware software.
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