Kuaishou Technology (OTCMKTS:KUASF) Shares Down 8.2% – Time to Sell?

Kuaishou Technology (OTCMKTS:KUASF)’s share price traded down 8.2% during trading on Thursday . The stock traded as low as $8.35 and last traded at $8.35. 300 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 1,661 shares. The stock had previously closed at $9.0950.

Analysts Set New Price Targets

Separately, Barclays set a $8.50 target price on Kuaishou Technology in a research report on Friday, August 22nd. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Kuaishou Technology presently has a consensus rating of “Buy” and an average target price of $8.50.

Kuaishou Technology Price Performance

The company has a fifty day moving average price of $9.22 and a 200-day moving average price of $9.07.

Kuaishou Technology Company Profile

Kuaishou Technology is a leading social media and technology company best known for its short-form video and live-streaming platforms. Founded in 2011 and headquartered in Beijing, the company operates a suite of mobile applications that enable users to create, share and interact through user-generated video content. Over the years, Kuaishou has expanded its offerings to include live commerce features, allowing content creators to sell products directly during live broadcasts and fostering a vibrant ecosystem of merchants, influencers and viewers.

The company’s flagship app serves hundreds of millions of daily active users primarily in Mainland China, where it competes with other major short-video platforms.