Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.20 and traded as low as $1.07. Kandi Technologies Group shares last traded at $1.07, with a volume of 85,271 shares.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen downgraded Kandi Technologies Group from a "hold" rating to a "sell" rating in a research report on Friday.
Check Out Our Latest Stock Analysis on KNDI
Kandi Technologies Group Price 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 company has a market capitalization of $93.17 million, a P/E ratio of -13.63 and a beta of 1.00. The stock has a 50-day moving average price of $1.18 and a 200-day moving average price of $1.20.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.26). The company had revenue of $41.00 million for 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 Investors Weigh In On Kandi Technologies Group
A number of hedge funds have recently added to or reduced their stakes in KNDI. XTX Topco Ltd bought a new stake in Kandi Technologies Group in the fourth quarter worth approximately $91,000. Marshall Wace LLP bought a new stake in Kandi Technologies Group in the fourth quarter worth approximately $72,000. Atria Wealth Solutions Inc. bought a new stake in shares of Kandi Technologies Group during the fourth quarter valued at approximately $36,000. Renaissance Technologies LLC increased its holdings 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 valued at $84,000 after acquiring an additional 22,934 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Kandi Technologies Group by 83.8% during the first 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. 3.66% of the stock is currently owned by institutional investors.
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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