Kandi Technologies Group (NASDAQ:KNDI) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a report published on Tuesday.

Kandi Technologies Group Stock Performance

Shares of KNDI opened at $1.50 on Tuesday. 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 company has a market cap of $129.11 million, a price-to-earnings ratio of -18.75 and a beta of 1.37. The stock has a fifty day moving average price of $1.27 and a two-hundred day moving average price of $1.34. Kandi Technologies Group has a 52-week low of $0.89 and a 52-week high of $2.98.

Institutional Investors Weigh In On Kandi Technologies Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atria Wealth Solutions Inc. bought a new stake in shares of Kandi Technologies Group during the fourth quarter valued at approximately $36,000. Marshall Wace LLP bought a new position in Kandi Technologies Group in the 4th quarter valued at $72,000. Virtu Financial LLC acquired a new stake in shares of Kandi Technologies Group in the 3rd quarter valued at $78,000. Renaissance Technologies LLC increased its stake in shares of Kandi Technologies Group by 48.8% in the 4th 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 stake in shares of Kandi Technologies Group during the fourth quarter worth $91,000. Institutional investors and hedge funds 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.