Kandi Technologies Group (NASDAQ:KNDI) Raised to Hold at StockNews.com

Kandi Technologies Group (NASDAQ:KNDIGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

KNDI stock traded up $0.10 during midday trading on Thursday, hitting $2.56. The stock had a trading volume of 267,931 shares, compared to its average volume of 943,943. The firm has a market cap of $193.80 million, a P/E ratio of 6.92 and a beta of 1.89. Kandi Technologies Group has a 1-year low of $2.12 and a 1-year high of $6.68. The business has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $3.19.

Kandi Technologies Group (NASDAQ:KNDIGet Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.02. Kandi Technologies Group had a net margin of 27.54% and a negative return on equity of 2.36%. The firm had revenue of $28.84 million during the quarter, compared to the consensus estimate of $32.82 million. Analysts predict that Kandi Technologies Group will post -0.45 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of KNDI. Caxton Associates LP bought a new stake in shares of Kandi Technologies Group during the third quarter worth about $108,000. Keebeck Alpha LP bought a new stake in shares of Kandi Technologies Group during the fourth quarter worth about $34,000. MARSHALL WACE ASIA Ltd bought a new stake in shares of Kandi Technologies Group during the third quarter worth about $526,000. Traynor Capital Management Inc. bought a new stake in shares of Kandi Technologies Group during the fourth quarter worth about $465,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Kandi Technologies Group during the third quarter worth about $35,000. 8.63% of the stock is owned by hedge funds and other institutional investors.

About Kandi Technologies Group (Get Rating)

Kandi Technologies Group, Inc designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts.

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