Wall Street Zen cut shares of Kandi Technologies Group (NASDAQ:KNDI - Free Report) from a hold rating to a sell rating in a research report released on Friday morning.
Kandi Technologies Group Stock Performance
Shares of KNDI stock traded up $0.03 during mid-day trading on Friday, reaching $1.12. The stock had a trading volume of 161,407 shares, compared to its average volume of 158,109. The firm's 50 day simple moving average is $1.18 and its 200 day simple moving average is $1.20. 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 one year low of $0.89 and a one year high of $2.25. The firm has a market cap of $95.73 million, a PE ratio of -14.00 and a beta of 1.00.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.26). 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%.
Hedge Funds Weigh In On Kandi Technologies Group
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Kandi Technologies Group by 83.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company's stock worth $41,000 after buying an additional 13,059 shares during the period. Marshall Wace LLP bought a new position in shares of Kandi Technologies Group during the 4th quarter worth approximately $72,000. XTX Topco Ltd bought a new position in shares of Kandi Technologies Group during the 4th quarter worth approximately $91,000. Renaissance Technologies LLC lifted its holdings in Kandi Technologies Group by 48.8% during the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after purchasing an additional 22,934 shares during the last quarter. Finally, Atria Wealth Solutions Inc. bought a new position in Kandi Technologies Group during the 4th quarter valued at about $36,000. 3.66% of the stock is owned by institutional investors.
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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