Kandi Technologies Group (NASDAQ:KNDI) Raised to Hold at Wall Street Zen

Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Thursday.

Kandi Technologies Group Stock Performance

Shares of NASDAQ:KNDI traded up $0.01 during trading on Thursday, reaching $1.13. The stock had a trading volume of 18,378 shares, compared to its average volume of 158,259. The stock has a fifty day simple moving average of $1.24 and a two-hundred day simple moving average of $1.21. The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02. Kandi Technologies Group has a 52 week low of $0.89 and a 52 week high of $2.25. The firm has a market capitalization of $96.59 million, a price-to-earnings ratio of -14.13 and a beta of 0.98.

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). The business had revenue of $41.00 million during the quarter, compared to analyst estimates of $41.00 million. Kandi Technologies Group had a negative net margin of 5.25% and a negative return on equity of 1.53%.

Institutional Trading of Kandi Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. acquired a new position in Kandi Technologies Group during the 4th quarter valued at about $36,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Kandi Technologies Group by 83.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company's stock worth $41,000 after buying an additional 13,059 shares during the last quarter. Marshall Wace LLP acquired a new position in Kandi Technologies Group in the fourth quarter valued at approximately $72,000. Renaissance Technologies LLC lifted its holdings in 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 buying an additional 22,934 shares during the period. Finally, XTX Topco Ltd bought a new position in Kandi Technologies Group in the fourth quarter valued at approximately $91,000. 3.66% of the stock is currently owned by institutional investors and hedge funds.

Kandi Technologies Group Company Profile

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.