Bridgeway Capital Management LLC reduced its position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) by 70.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 180,635 shares of the company's stock after selling 436,052 shares during the quarter. Bridgeway Capital Management LLC owned 0.21% of Kandi Technologies Group worth $217,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in KNDI. Atria Wealth Solutions Inc. bought a new stake in shares of Kandi Technologies Group during the fourth quarter valued at approximately $36,000. Marshall Wace LLP purchased a new stake in Kandi Technologies Group in the fourth quarter worth about $72,000. Renaissance Technologies LLC lifted its position in shares of Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after buying an additional 22,934 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of Kandi Technologies Group during the fourth quarter valued at about $91,000. 3.66% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a report on Tuesday, March 18th.
Get Our Latest Research Report on Kandi Technologies Group
Kandi Technologies Group Price Performance
KNDI stock traded up $0.01 during midday trading on Friday, reaching $1.25. The stock had a trading volume of 22,674 shares, compared to its average volume of 157,361. The company's fifty day simple moving average is $1.28 and its 200 day simple moving average is $1.22. The company has a current ratio of 3.26, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02. The company has a market cap of $106.85 million, a price-to-earnings ratio of -15.63 and a beta of 0.98. Kandi Technologies Group, Inc. has a 52-week low of $0.89 and a 52-week high of $2.26.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last issued its earnings results on Monday, April 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.26). The company had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.00 million. Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%.
About Kandi Technologies Group
(
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.
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