Kingsoft Co. Limited (OTCMKTS:KSFTF – Get Free Report) shares shot up 7.5% during trading on Tuesday . The stock traded as high as $3.01 and last traded at $3.01. Approximately 200 shares changed hands during trading, a decline of 81% from the average session volume of 1,050 shares. The stock had previously closed at $2.80.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group cut Kingsoft to a “sell” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read Our Latest Stock Analysis on KSFTF
Kingsoft Stock Performance
About Kingsoft
Kingsoft Corporation is a Beijing‐based software developer specializing in a range of consumer and enterprise applications. Established in 1988, the company has built its reputation on office productivity and security software. Its flagship product, WPS Office, offers word processing, spreadsheet and presentation tools compatible with major file formats, while Kingsoft Antivirus provides malware detection and removal for Windows and Android platforms.
In addition to its core desktop and mobile software offerings, Kingsoft has expanded into cloud computing through its Kingsoft Cloud division.
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