Shenzhen Kingdee Software (KGDEY) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Shenzhen Kingdee Software (OTCMKTS:KGDEY) from a sell rating to a buy rating in a research report report published on Saturday, March 17th. They currently have $91.00 price objective on the stock.

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. “

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Shares of KGDEY stock traded down $9.54 during trading on Friday, reaching $92.75. 100 shares of the company’s stock were exchanged, compared to its average volume of 220. The company has a current ratio of 2.52, a quick ratio of 2.51 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $2,982.21 and a PE ratio of 85.88. Shenzhen Kingdee Software has a twelve month low of $44.40 and a twelve month high of $102.29.

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