Kandi Technologies Group (NASDAQ:KNDI) Downgraded by Wall Street Zen to "Sell"

Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Friday.

Kandi Technologies Group Price Performance

NASDAQ KNDI remained flat at $1.09 during trading on Friday. 66,093 shares of the company's stock traded hands, compared to its average volume of 157,766. The business's 50-day moving average price is $1.18 and its two-hundred day moving average price is $1.20. Kandi Technologies Group has a twelve month low of $0.89 and a twelve month high of $2.25. The firm has a market cap of $93.17 million, a price-to-earnings ratio of -13.63 and a beta of 1.00. 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 (NASDAQ:KNDI - Get Free Report) last released its earnings results on Monday, April 28th. The company reported ($0.28) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.26). Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%. The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. raised its holdings in 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 valued at $41,000 after buying an additional 13,059 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Kandi Technologies Group in the fourth quarter valued at about $36,000. Marshall Wace LLP bought a new position in shares of Kandi Technologies Group during the fourth quarter valued at about $72,000. Renaissance Technologies LLC boosted its holdings 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 worth $84,000 after purchasing an additional 22,934 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Kandi Technologies Group in the fourth quarter worth about $91,000. Institutional investors own 3.66% of the company's stock.

About Kandi Technologies Group

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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