Kandi Technologies Group (NASDAQ:KNDI) Stock Passes Below 200 Day Moving Average of $2.59

Kandi Technologies Group, Inc. (NASDAQ:KNDIGet Rating) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.59 and traded as low as $2.09. Kandi Technologies Group shares last traded at $2.13, with a volume of 199,254 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th.

Kandi Technologies Group Trading Up 1.4 %

The business’s 50-day moving average is $2.33 and its two-hundred day moving average is $2.59. The firm has a market cap of $161.39 million, a P/E ratio of -11.21 and a beta of 1.77. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.95 and a quick ratio of 4.33.

Kandi Technologies Group (NASDAQ:KNDIGet Rating) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.02) earnings per share for the quarter. Kandi Technologies Group had a negative return on equity of 3.48% and a negative net margin of 16.65%. The business had revenue of $20.84 million during the quarter. As a group, analysts predict that Kandi Technologies Group, Inc. will post -0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kandi Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ergoteles LLC bought a new stake in Kandi Technologies Group during the 1st quarter worth approximately $897,000. Walleye Capital LLC lifted its position in shares of Kandi Technologies Group by 1,447.5% during the 2nd quarter. Walleye Capital LLC now owns 203,850 shares of the company’s stock valued at $489,000 after acquiring an additional 190,677 shares during the period. Invesco Ltd. lifted its position in shares of Kandi Technologies Group by 2.2% during the 4th quarter. Invesco Ltd. now owns 5,953,498 shares of the company’s stock valued at $19,111,000 after acquiring an additional 129,812 shares during the period. Quinn Opportunity Partners LLC acquired a new position in shares of Kandi Technologies Group during the 4th quarter valued at $337,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Kandi Technologies Group during the 1st quarter valued at $220,000. 8.05% of the stock is owned by institutional investors.

About Kandi Technologies Group

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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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