Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.21 and traded as low as $1.12. Kandi Technologies Group shares last traded at $1.12, with a volume of 84,527 shares.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Kandi Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.
Read Our Latest Stock Report on Kandi Technologies Group
Kandi Technologies Group Price Performance
The company has a 50 day moving average of $1.14 and a 200-day moving average of $1.22. The firm has a market capitalization of $108.56 million, a P/E ratio of -2.19 and a beta of 0.97. The company has a current ratio of 2.95, a quick ratio of 2.52 and a debt-to-equity ratio of 0.02.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its earnings results on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The business had revenue of $41.00 million for the quarter, compared to the consensus estimate of $41.00 million. Kandi Technologies Group had a negative net margin of 39.45% and a negative return on equity of 6.82%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in 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 in the last quarter. Marshall Wace LLP purchased a new stake in shares of Kandi Technologies Group in the 4th quarter worth approximately $72,000. Renaissance Technologies LLC lifted 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 acquiring an additional 22,934 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Kandi Technologies Group in the 4th quarter valued at approximately $91,000. Hedge funds and other 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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