Free Trial

Kandi Technologies Group (NASDAQ:KNDI) Stock Price Passes Below Two Hundred Day Moving Average - Time to Sell?

Kandi Technologies Group logo with Consumer Discretionary background

Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a research note on Friday, June 6th.

View Our Latest Report on Kandi Technologies Group

Kandi Technologies Group Trading Down 1.8%

The stock has a market cap of $94.88 million, a price-to-earnings ratio of -1.91 and a beta of 0.97. The firm's 50 day moving average is $1.14 and its two-hundred day moving average is $1.21. The company has a quick ratio of 2.52, a current ratio of 2.95 and a debt-to-equity ratio of 0.02.

Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its quarterly 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). Kandi Technologies Group had a negative net margin of 39.45% and a negative return on equity of 6.82%. The firm had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.00 million.

Institutional Investors Weigh In On Kandi Technologies Group

Several large investors have recently made changes to their positions in KNDI. XTX Topco Ltd acquired a new stake in shares of Kandi Technologies Group in the fourth quarter valued at approximately $91,000. Marshall Wace LLP acquired a new stake in shares of Kandi Technologies Group in the fourth quarter valued at approximately $72,000. Renaissance Technologies LLC increased its stake in shares of Kandi Technologies Group by 48.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after purchasing an additional 22,934 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kandi Technologies Group by 83.8% in the first 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. Institutional investors and hedge funds own 3.66% of the company's stock.

Kandi Technologies Group Company Profile

(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.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Kandi Technologies Group Right Now?

Before you consider Kandi Technologies Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kandi Technologies Group wasn't on the list.

While Kandi Technologies Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Made in America Stocks Under $20 You Need to See!
3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines