Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.76 and traded as low as $0.5902. Kandi Technologies Group shares last traded at $0.6270, with a volume of 111,286 shares traded.
Analyst Ratings Changes
Separately, Weiss Ratings restated a "sell (e+)" rating on shares of Kandi Technologies Group in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell".
Get Our Latest Stock Analysis on Kandi Technologies Group
Kandi Technologies Group Price Performance
The company has a market cap of $62.96 million, a PE ratio of -2.09 and a beta of 0.60. The company's 50 day simple moving average is $0.67 and its two-hundred day simple moving average is $0.76.
Institutional Trading of Kandi Technologies Group
Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Kandi Technologies Group by 9.6% in the fourth quarter. Renaissance Technologies LLC now owns 145,840 shares of the company's stock valued at $115,000 after purchasing an additional 12,740 shares during the period. Citadel Advisors LLC boosted its position 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 during the period. Quinn Opportunity Partners LLC purchased a new position 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 in the third quarter valued at $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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