Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.21 and traded as low as $1.10. Kandi Technologies Group shares last traded at $1.11, with a volume of 62,275 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen lowered shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a report on Friday, June 6th.
Get Our Latest Analysis on Kandi Technologies Group
Kandi Technologies Group Stock Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.52 and a current ratio of 2.95. The company has a market capitalization of $102.58 million, a price-to-earnings ratio of -2.07 and a beta of 0.97. The business's 50-day simple moving average is $1.14 and its 200-day simple moving average is $1.21.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last released its earnings results 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). Kandi Technologies Group had a negative net margin of 39.45% and a negative return on equity of 6.82%. The business had revenue of $41.00 million for the quarter, compared to analyst estimates of $41.00 million.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted 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 purchasing an additional 13,059 shares during the period. Marshall Wace LLP acquired a new stake in shares of Kandi Technologies Group in the 4th quarter valued at approximately $72,000. XTX Topco Ltd acquired a new stake in shares of Kandi Technologies Group in the 4th quarter valued at approximately $91,000. Finally, Renaissance Technologies LLC raised its position in shares of 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 during the period. 3.66% of the stock is currently 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.
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