Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.20 and traded as low as $1.11. Kandi Technologies Group shares last traded at $1.16, with a volume of 127,347 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Kandi Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.
Check Out Our Latest Research Report on KNDI
Kandi Technologies Group Stock Down 1.8%
The firm has a market capitalization of $93.17 million, a P/E ratio of -1.88 and a beta of 0.97. The firm's 50 day moving average is $1.14 and its two-hundred day moving average is $1.20. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.95 and a quick ratio of 2.52.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.26). The firm had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.00 million. Kandi Technologies Group had a negative net margin of 39.45% and a negative return on equity of 6.82%.
Institutional Investors Weigh In On Kandi Technologies Group
Several hedge funds have recently bought and sold shares of the company. Atria Wealth Solutions Inc. bought a new stake in Kandi Technologies Group in the fourth quarter valued at approximately $36,000. Marshall Wace LLP acquired a new position in shares of Kandi Technologies Group during the 4th quarter worth approximately $72,000. XTX Topco Ltd acquired a new position in shares of Kandi Technologies Group during the 4th quarter worth approximately $91,000. Renaissance Technologies LLC raised its stake in Kandi Technologies Group by 48.8% in the 4th 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 period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake 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 during the period. 3.66% of the stock is currently owned by institutional investors and hedge funds.
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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