Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price passed 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.
Analyst Ratings Changes
Separately, Wall Street Zen downgraded shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.
Read Our Latest Analysis on KNDI
Kandi Technologies Group Stock Performance
The firm has a market cap of $96.59 million, a P/E ratio of -14.13 and a beta of 1.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26. The stock's 50-day moving average is $1.17 and its 200 day moving average is $1.20.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million. Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%.
Institutional Trading of Kandi Technologies Group
A number of large investors have recently bought and sold shares of KNDI. Atria Wealth Solutions Inc. acquired a new position in shares of Kandi Technologies Group in the fourth quarter valued at approximately $36,000. Connor Clark & Lunn Investment Management Ltd. lifted 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 acquired a new position in Kandi Technologies Group in the 4th quarter worth $72,000. Renaissance Technologies LLC increased its holdings in Kandi Technologies Group by 48.8% during the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock worth $84,000 after purchasing an additional 22,934 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Kandi Technologies Group during the 4th quarter worth about $91,000. 3.66% of the stock is owned by institutional investors.
Kandi Technologies Group Company Profile
(
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.
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