Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.22 and traded as low as $1.17. Kandi Technologies Group shares last traded at $1.18, with a volume of 51,686 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Kandi Technologies Group from a "sell" rating to a "hold" rating in a research report on Thursday.
Get Our Latest Research Report on Kandi Technologies Group
Kandi Technologies Group Trading Down 0.9%
The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $95.73 million, a P/E ratio of -14.00 and a beta of 0.98. The company has a fifty day simple moving average of $1.25 and a two-hundred day simple moving average of $1.21.
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). Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%. The business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $41.00 million.
Hedge Funds Weigh In On Kandi Technologies Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNDI. Atria Wealth Solutions Inc. bought a new stake in shares of Kandi Technologies Group in the fourth quarter valued at about $36,000. Renaissance Technologies LLC raised its position 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 buying an additional 22,934 shares during the last quarter. XTX Topco Ltd bought a new stake in Kandi Technologies Group in the 4th quarter valued at approximately $91,000. Marshall Wace LLP acquired a new position in Kandi Technologies Group during the 4th quarter worth approximately $72,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake 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 worth $41,000 after acquiring an additional 13,059 shares in the last quarter. 3.66% of the stock is 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.
Further Reading
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