Kandi Technologies Group (NASDAQ:KNDI) Share Price Passes Below Two Hundred Day Moving Average of $2.73

Posted by Defense World Staff on Apr 23rd, 2024

Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.73 and traded as low as $2.32. Kandi Technologies Group shares last traded at $2.50, with a volume of 170,481 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research report on Monday, March 18th.

Check Out Our Latest Stock Analysis on KNDI

Kandi Technologies Group Trading Down 2.0 %

The company has a market cap of $218.40 million, a price-to-earnings ratio of 83.33 and a beta of 1.46. The business’s fifty day moving average price is $2.35 and its 200 day moving average price is $2.73. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 3.68.

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

Hedge Funds Weigh In On Kandi Technologies Group

Several hedge funds and other institutional investors have recently bought and sold shares of KNDI. Plan Group Financial LLC acquired a new position in Kandi Technologies Group in the third quarter valued at $42,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Kandi Technologies Group by 102.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock valued at $793,000 after purchasing an additional 116,184 shares during the period. Finally, Whittier Trust Co. acquired a new position in shares of Kandi Technologies Group during the fourth quarter valued at about $28,000. Institutional investors and hedge funds own 3.66% of the company’s stock.

Kandi Technologies Group Company Profile

(Get Free Report)

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.