Kingsoft (OTCMKTS:KSFTF) Trading 13.9% Higher

Kingsoft Co. Limited (OTCMKTS:KSFTF)’s share price traded up 13.9% on Wednesday . The stock traded as high as $4.96 and last traded at $4.88. 1,300 shares were traded during mid-day trading, an increase of 63% from the average session volume of 800 shares. The stock had previously closed at $4.29.

Separately, The Goldman Sachs Group lowered shares of Kingsoft from a “buy” rating to a “neutral” rating in a report on Monday, September 20th.

The firm’s fifty day moving average price is $4.30 and its 200 day moving average price is $4.41.

About Kingsoft (OTCMKTS:KSFTF)

Kingsoft Corporation Limited, an investment holding company, operates as a software and internet service company in Mainland China, Hong Kong, and internationally. It operates in two segments, Entertainment Software and Others, and Office Software and Services. The Entertainment Software segment engages in the research and development of games; and provision of online games, mobile games, and casual game services.

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