Kuaishou Technology (OTCMKTS:KUASF) Shares Down 5.8% – Here’s Why

Kuaishou Technology (OTCMKTS:KUASF) traded down 5.8% during mid-day trading on Wednesday . The company traded as low as $9.60 and last traded at $9.60. 6,233 shares traded hands during mid-day trading, an increase of 243% from the average session volume of 1,816 shares. The stock had previously closed at $10.19.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Sanford C. Bernstein assumed coverage on Kuaishou Technology in a research report on Tuesday, July 8th. They issued an “outperform” rating for the company. Barclays set a $8.50 target price on Kuaishou Technology in a research report on Friday, August 22nd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $8.50.

Kuaishou Technology Stock Performance

The company has a 50 day simple moving average of $9.63 and a 200 day simple moving average of $7.86.

About Kuaishou Technology

Kuaishou Technology, an investment holding company, provides live streaming, online marketing, and other services mainly in the People's Republic of China. It offers Kuaishou Flagship, a short video and content based social networking platform; Kuaishou Express; Kuaishou Concept; Yitian Camera, an app to create photographs, videos, and vlogs; Kmovie, a shooting, editing, and production tool; and AcFun, a video sharing website.