Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) issued its quarterly earnings results on Monday. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.26), Zacks reports. The business had revenue of $41.00 million for 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 Stock Performance
Shares of Kandi Technologies Group stock traded up $0.04 on Friday, hitting $1.18. The stock had a trading volume of 67,388 shares, compared to its average volume of 157,154. The stock has a market cap of $101.56 million, a price-to-earnings ratio of -14.75 and a beta of 1.15. The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02. Kandi Technologies Group has a twelve month low of $0.89 and a twelve month high of $2.53. The business's 50 day moving average is $1.33 and its two-hundred day moving average is $1.23.
Analyst Ratings Changes
Separately, StockNews.com downgraded Kandi Technologies Group from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th.
View Our Latest Stock Analysis on Kandi Technologies Group
About Kandi Technologies Group
(
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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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