Kandi Technologies Group (NASDAQ:KNDI) Now Covered by StockNews.com

Stock analysts at StockNews.com began coverage on shares of Kandi Technologies Group (NASDAQ:KNDI – Get Rating) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.

Kandi Technologies Group Trading Down 2.2 %

Shares of NASDAQ:KNDI opened at $2.25 on Friday. The business’s 50-day moving average is $2.54 and its 200 day moving average is $2.49. Kandi Technologies Group has a 1 year low of $2.00 and a 1 year high of $3.75. The firm has a market capitalization of $167.02 million, a P/E ratio of -28.13 and a beta of 1.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.54 and a quick ratio of 3.93.

Institutional Trading of Kandi Technologies Group

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in Kandi Technologies Group during the 4th quarter valued at about $75,000. Schonfeld Strategic Advisors LLC grew its stake in Kandi Technologies Group by 20.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 42,700 shares of the company’s stock valued at $98,000 after purchasing an additional 7,200 shares during the last quarter. Millennium Management LLC grew its stake in Kandi Technologies Group by 118.1% during the 4th quarter. Millennium Management LLC now owns 546,507 shares of the company’s stock valued at $1,257,000 after purchasing an additional 295,896 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Kandi Technologies Group by 7.2% in the fourth quarter. Marshall Wace LLP now owns 414,205 shares of the company’s stock worth $953,000 after buying an additional 27,827 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in shares of Kandi Technologies Group by 26.1% in the fourth quarter. GSA Capital Partners LLP now owns 37,052 shares of the company’s stock worth $85,000 after buying an additional 7,665 shares during the last quarter. Hedge funds and other institutional investors own 6.98% of the company’s stock.

About Kandi Technologies Group

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Kandi Technologies Group, Inc is a holding company, which engages in the development, production, and distribution of electric vehicle products and parts. It offers off-road vehicles including ATVs, utility vehicles, go-karts, and electric scooters. The company was founded on March 31, 2004 and is headquartered in Jinhua, China.