59,665 Shares in Kandi Technologies Group, Inc. (NASDAQ:KNDI) Purchased by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 59,665 shares of the company’s stock, valued at approximately $72,000. Marshall Wace LLP owned approximately 0.07% of Kandi Technologies Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Virtu Financial LLC acquired a new position in Kandi Technologies Group during the third quarter worth $78,000. Atria Wealth Solutions Inc. acquired a new position in shares of Kandi Technologies Group during the fourth quarter valued at about $36,000. Renaissance Technologies LLC lifted its position in shares of Kandi Technologies Group by 48.8% in the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock worth $84,000 after acquiring an additional 22,934 shares during the period. Finally, XTX Topco Ltd bought a new position in Kandi Technologies Group in the fourth quarter worth $91,000. Hedge funds and other institutional investors own 3.66% of the company’s stock.

Kandi Technologies Group Stock Down 4.3 %

Shares of KNDI opened at $1.10 on Wednesday. The company has a market capitalization of $94.02 million, a P/E ratio of -13.75 and a beta of 0.98. Kandi Technologies Group, Inc. has a one year low of $0.89 and a one year high of $2.47. The business’s 50 day simple moving average is $1.32 and its 200-day simple moving average is $1.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55.

Kandi Technologies Group (NASDAQ:KNDI) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.26). Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%. The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million.

Analyst Upgrades and Downgrades

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

Kandi Technologies Group Profile

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.