Zacks Investment Research Downgrades KINGDEE INTL SO/ADR (OTCMKTS:KGDEY) to Sell

KINGDEE INTL SO/ADR (OTCMKTS:KGDEY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Thursday, 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. “

Shares of OTCMKTS KGDEY opened at $126.79 on Thursday. The firm’s 50-day moving average price is $126.79 and its 200-day moving average price is $127.33. The company has a market cap of $4.18 billion, a PE ratio of 67.08, a PEG ratio of 2.47 and a beta of -0.16. 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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