Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.26 and traded as high as $1.50. Kandi Technologies Group shares last traded at $1.46, with a volume of 35,348 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.
Check Out Our Latest Report on KNDI
Kandi Technologies Group Stock Performance
The company has a quick ratio of 3.23, a current ratio of 3.75 and a debt-to-equity ratio of 0.02. The company has a market cap of $124.80 million, a PE ratio of -2.52 and a beta of 0.74. The business's fifty day moving average is $1.25 and its 200-day moving average is $1.26.
Institutional Investors Weigh In On Kandi Technologies Group
Large investors have recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after acquiring an additional 22,934 shares during the last quarter. Marshall Wace LLP bought a new position in Kandi Technologies Group during the 4th quarter worth about $72,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew 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 worth $41,000 after acquiring an additional 13,059 shares in the last quarter. Institutional investors own 3.66% of the company's stock.
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.
Further Reading
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