Kingsoft (OTCMKTS:KSFTF) Cut to “Neutral” at The Goldman Sachs Group

Kingsoft (OTCMKTS:KSFTF) was downgraded by equities researchers at The Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.

KSFTF stock remained flat at $$3.97 during trading hours on Monday. Kingsoft has a 1-year low of $3.63 and a 1-year high of $10.13. The company’s fifty day moving average is $4.43 and its 200-day moving average is $6.00.

About Kingsoft

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.

Featured Story: Example of operating income, EBIT and EBITDA

The Fly logo

Receive News & Ratings for Kingsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kingsoft and related companies with MarketBeat.com's FREE daily email newsletter.