Kingdee International Software Group (OTCMKTS:KGDEY) Shares Down 1.7% - Here's Why

Key Points

• Kingdee International Software Group shares fell by 1.7% to trade at $197.99 amidst increased trading volume.
• The company operates in the enterprise resource planning (ERP) business, providing software solutions and consulting services.
• Kingdee's 50-day moving average is $205.03, indicating the stock may be experiencing a downward trend.

Kingdee International Software Group Co., Ltd. Unsponsored ADR (OTCMKTS:KGDEY - ) shares were down 1.7% during mid-day trading on Wednesday . The company traded as low as $197.99 and last traded at $197.99. Approximately 42 shares traded hands during trading, an increase of 249% from the average daily volume of 12 shares. The stock had previously closed at $201.48.

Kingdee International Software Group Stock Down 1.7%

The company's 50 day simple moving average is $205.03 and its 200 day simple moving average is $185.66.

About Kingdee International Software Group

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.

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