Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.02 and traded as low as $0.8052. Kandi Technologies Group shares last traded at $0.8224, with a volume of 17,964 shares changing hands.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Kandi Technologies Group in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Sell".
View Our Latest Stock Analysis on Kandi Technologies Group
Kandi Technologies Group Stock Performance
The firm has a fifty day simple moving average of $0.96 and a 200-day simple moving average of $1.02. The firm has a market cap of $70.30 million, a price-to-earnings ratio of -2.74 and a beta of 0.64.
Institutional Investors Weigh In On Kandi Technologies Group
Several hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its holdings in shares of Kandi Technologies Group by 72.0% during the third quarter. Citadel Advisors LLC now owns 127,787 shares of the company's stock worth $155,000 after buying an additional 53,496 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kandi Technologies Group by 9.6% during the fourth quarter. Renaissance Technologies LLC now owns 145,840 shares of the company's stock worth $115,000 after buying an additional 12,740 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new stake in shares of Kandi Technologies Group during the third quarter worth $80,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Kandi Technologies Group during the third quarter worth $37,000. Institutional investors and hedge funds own 3.66% of the company's stock.
About Kandi Technologies Group
(
Get Free Report)
Kandi Technologies Group, Inc is a China-based manufacturer focused on the design, development and production of electric vehicles (EVs), batteries and charging infrastructure. The company offers a range of small, neighborhood electric vehicles (NEVs) under its own brand and supplies key components—including battery packs and electric drive systems—to automotive partners. In addition to vehicle manufacturing, Kandi is engaged in the development and operation of charging stations and battery-swap facilities intended to support EV adoption in urban environments.
Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi began its operations producing all-terrain vehicles (ATVs) and recreational off-road products.
Further Reading
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