Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 137,579 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.
View Our Latest Report on KNDI
Kandi Technologies Group Stock Down 4.4%
The company has a market cap of $92.31 million, a P/E ratio of -13.50 and a beta of 1.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55. The company's 50-day moving average is $1.16 and its two-hundred day moving average is $1.20.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last posted its 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). Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%. The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million.
Institutional Investors Weigh In On Kandi Technologies Group
A number of hedge funds have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 acquiring an additional 13,059 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Kandi Technologies Group by 48.8% during the 4th 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 in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Kandi Technologies Group during the 4th quarter valued at $36,000. Marshall Wace LLP purchased a new position in shares of Kandi Technologies Group during the 4th quarter valued at $72,000. Finally, XTX Topco Ltd purchased a new position in shares of Kandi Technologies Group during the 4th quarter valued at $91,000. Institutional investors own 3.66% of the company's stock.
About Kandi Technologies Group
(
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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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