Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.26), Zacks reports. The company had revenue of $41.00 million for the quarter, compared to analysts' expectations of $41.00 million. Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%.
Kandi Technologies Group Stock Down 0.8 %
Shares of KNDI stock traded down $0.01 during trading hours on Tuesday, reaching $1.18. The company had a trading volume of 13,127 shares, compared to its average volume of 179,211. The company has a market capitalization of $101.56 million, a P/E ratio of -14.75 and a beta of 1.15. 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 has a twelve month low of $0.89 and a twelve month high of $2.66. The stock's fifty day simple moving average is $1.36 and its 200 day simple moving average is $1.25.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded Kandi Technologies Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.
View Our Latest Report on KNDI
Kandi Technologies Group Company Profile
(
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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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