With KD stock price stable around $87-$88, analysts are eyeing the 100-day moving average at $85.60 as strong support. A move above $88.50 could trigger algorithmic buy signals from hedge funds. With engineering centers across the Americas, Europe, and India serving Fortune 1000 companies, Grid Dynamics (NASDAQ:GDYN) provides technology consulting, engineering, and analytics services to help large enterprises modernize their technology systems and business processes. The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. Large-cap tech sector rebalancing may benefit KD stock price, especially as ETF fund flows show increased weight toward data infrastructure companies.