Kandi Technologies Group (NASDAQ:KNDI) Shares Pass Below Two Hundred Day Moving Average of $2.78

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.78 and traded as low as $2.07. Kandi Technologies Group shares last traded at $2.09, with a volume of 104,618 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.

Kandi Technologies Group Stock Performance

The firm has a market cap of $182.58 million, a price-to-earnings ratio of 69.67 and a beta of 1.46. The stock has a 50 day moving average of $2.37 and a 200 day moving average of $2.78. The company has a quick ratio of 3.68, a current ratio of 4.48 and a debt-to-equity ratio of 0.02.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.06) EPS for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Bridgeway Capital Management LLC lifted its stake in Kandi Technologies Group by 1.0% in the fourth quarter. Bridgeway Capital Management LLC now owns 722,172 shares of the company’s stock valued at $2,022,000 after buying an additional 6,824 shares during the period. Millennium Management LLC increased its position in shares of 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 increased its holdings in Kandi Technologies Group by 7.2% in the 4th quarter. Marshall Wace LLP now owns 414,205 shares of the company’s stock worth $953,000 after acquiring an additional 27,827 shares during the last quarter. Ergoteles LLC purchased a new stake in Kandi Technologies Group in the 1st quarter worth about $897,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kandi Technologies Group by 102.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after acquiring an additional 116,184 shares during the last quarter. Institutional investors and hedge funds own 3.66% of the company’s stock.

About Kandi Technologies Group

Kandi Technologies Group, Inc engages in designing, developing, manufacturing, and commercializing electric vehicle (EV) products and parts in the People's Republic of China and the United States. It offers also off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and battery packs and smart battery swap system.