Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.25 and traded as low as $1.14. Kandi Technologies Group shares last traded at $1.20, with a volume of 42,047 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Kandi Technologies Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.
View Our Latest Stock Analysis on Kandi Technologies Group
Kandi Technologies Group Stock Performance
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 stock has a fifty day simple moving average of $1.35 and a two-hundred day simple moving average of $1.24. The firm has a market capitalization of $100.27 million, a P/E ratio of -14.56 and a beta of 1.15.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The company had revenue of $41.00 million during the quarter, compared to the consensus estimate of $41.00 million. Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%.
Hedge Funds Weigh In On Kandi Technologies Group
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in Kandi Technologies Group during the 4th quarter worth approximately $72,000. XTX Topco Ltd bought a new stake in shares of Kandi Technologies Group during the fourth quarter valued at approximately $91,000. Renaissance Technologies LLC raised its position in shares of Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock worth $84,000 after purchasing an additional 22,934 shares during the period. Atria Wealth Solutions Inc. acquired a new position in shares of Kandi Technologies Group during the fourth quarter worth approximately $36,000. Finally, Virtu Financial LLC bought a new position in shares of Kandi Technologies Group in the 3rd quarter worth $78,000. 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.
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