Kandi Technologies Group (NASDAQ:KNDI) Lifted to “Sell” at StockNews.com

Kandi Technologies Group (NASDAQ:KNDIGet Free Report) was upgraded by equities research analysts at StockNews.com to a “sell” rating in a report issued on Monday.

Kandi Technologies Group Price Performance

KNDI stock traded down $0.04 on Monday, reaching $2.12. The company had a trading volume of 74,500 shares, compared to its average volume of 100,520. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.68 and a current ratio of 4.48. Kandi Technologies Group has a 1 year low of $2.00 and a 1 year high of $4.27. The company’s fifty day moving average is $2.28 and its 200 day moving average is $2.55. The company has a market cap of $185.20 million, a P/E ratio of 70.69 and a beta of 1.39.

Kandi Technologies Group (NASDAQ:KNDIGet Free Report) last posted its quarterly earnings data on Thursday, March 14th. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $28.36 million for the quarter.

Hedge Funds Weigh In On Kandi Technologies Group

Several institutional investors have recently added to or reduced their stakes in KNDI. Whittier Trust Co. acquired a new stake in Kandi Technologies Group in the 4th quarter worth about $28,000. Plan Group Financial LLC acquired a new stake in shares of Kandi Technologies Group in the third quarter worth approximately $42,000. Empowered Funds LLC grew its holdings in Kandi Technologies Group by 8.0% in the first quarter. Empowered Funds LLC now owns 82,449 shares of the company’s stock valued at $175,000 after purchasing an additional 6,125 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Kandi Technologies Group by 102.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after purchasing an additional 116,184 shares during the last quarter. 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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