Kandi Technologies Group (NASDAQ:KNDI) Upgraded at Wall Street Zen

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

Kandi Technologies Group Stock Performance

NASDAQ KNDI traded down $0.02 during mid-day trading on Thursday, reaching $1.11. 88,840 shares of the stock were exchanged, compared to its average volume of 157,119. Kandi Technologies Group has a 1 year low of $0.89 and a 1 year high of $2.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26. The business's 50 day moving average is $1.26 and its 200-day moving average is $1.22. The company has a market capitalization of $94.88 million, a P/E ratio of -13.88 and a beta of 0.98.

Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.26). The business had revenue of $41.00 million during the quarter, compared to analysts' expectations 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kandi Technologies Group by 83.8% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company's stock worth $41,000 after acquiring an additional 13,059 shares in the last quarter. Renaissance Technologies LLC grew its position 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. Atria Wealth Solutions Inc. purchased a new stake in shares of Kandi Technologies Group during the fourth quarter worth about $36,000. Marshall Wace LLP purchased a new stake in shares of Kandi Technologies Group during the fourth quarter worth about $72,000. Finally, XTX Topco Ltd purchased a new position in Kandi Technologies Group in the 4th quarter valued at about $91,000. Hedge funds and other institutional investors own 3.66% of the company's stock.

About Kandi Technologies Group

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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