Free Trial

Kandi Technologies Group (NASDAQ:KNDI) Receives Sell (D) Rating from Weiss Ratings

Kandi Technologies Group logo with Consumer Discretionary background

Key Points

  • Kandi Technologies Group has received a "sell (D)" rating from Weiss Ratings, indicating a bearish outlook on the stock.
  • The company's stock price currently stands at $1.26, with a market capitalization of approximately $107.70 million.
  • In the first quarter, institutional investor Connor Clark & Lunn Investment Management Ltd. increased its stake in Kandi Technologies by 83.8%.
  • Five stocks we like better than Kandi Technologies Group.

Kandi Technologies Group (NASDAQ:KNDI - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Kandi Technologies Group Price Performance

Shares of KNDI opened at $1.26 on Wednesday. The firm has a market capitalization of $107.70 million, a price-to-earnings ratio of -2.17 and a beta of 0.76. Kandi Technologies Group has a 1-year low of $0.89 and a 1-year high of $1.81. The company has a 50-day moving average of $1.33 and a 200 day moving average of $1.24.

Institutional Investors Weigh In On Kandi Technologies Group

An institutional investor recently raised its position in Kandi Technologies Group stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) by 83.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,640 shares of the company's stock after buying an additional 13,059 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Kandi Technologies Group were worth $41,000 at the end of the most recent reporting period. 3.66% of the stock is owned by hedge funds and other institutional investors.

About Kandi Technologies Group

(Get 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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Kandi Technologies Group Right Now?

Before you consider Kandi Technologies Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kandi Technologies Group wasn't on the list.

While Kandi Technologies Group currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.