D. E. Shaw & Co. Inc. lowered its position in Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) by 46.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 352,176 shares of the company's stock after selling 302,306 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.41% of Kandi Technologies Group worth $423,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Atria Wealth Solutions Inc. bought a new stake in Kandi Technologies Group during the fourth quarter worth approximately $36,000. Marshall Wace LLP acquired a new position in Kandi Technologies Group in the fourth quarter worth approximately $72,000. XTX Topco Ltd acquired a new position in Kandi Technologies Group in the fourth quarter worth approximately $91,000. Finally, Renaissance Technologies LLC grew its position in Kandi Technologies Group by 48.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock worth $84,000 after buying an additional 22,934 shares during the last quarter. Institutional investors and hedge funds own 3.66% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Kandi Technologies Group from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.
Get Our Latest Research Report on KNDI
Kandi Technologies Group Stock Down 2.6%
Shares of Kandi Technologies Group stock traded down $0.03 during midday trading on Friday, reaching $1.12. 17,613 shares of the company's stock traded hands, compared to its average volume of 158,326. The company has a market cap of $95.73 million, a price-to-earnings ratio of -14.00 and a beta of 0.98. The company's 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26. Kandi Technologies Group, Inc. has a 52 week low of $0.89 and a 52 week high of $2.25.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The firm had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million. Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%.
Kandi Technologies Group Company Profile
(
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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