Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.22 and traded as low as $1.12. Kandi Technologies Group shares last traded at $1.12, with a volume of 121,090 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Kandi Technologies Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.
Get Our Latest Research Report on Kandi Technologies Group
Kandi Technologies Group Stock Down 0.9%
The business has a fifty day simple moving average of $1.15 and a two-hundred day simple moving average of $1.23. The company has a current ratio of 2.95, a quick ratio of 2.52 and a debt-to-equity ratio of 0.02. The company has a market cap of $95.74 million, a PE ratio of -1.93 and a beta of 0.74.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position in Kandi Technologies Group by 83.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company's stock valued at $41,000 after acquiring an additional 13,059 shares in the last quarter. Marshall Wace LLP purchased a new stake in Kandi Technologies Group in the fourth quarter valued at approximately $72,000. Renaissance Technologies LLC lifted its stake in Kandi Technologies Group by 48.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after buying an additional 22,934 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Kandi Technologies Group in the fourth quarter valued at approximately $91,000. Hedge funds and other institutional investors own 3.66% of the company's stock.
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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