Kandi Technologies Group, Inc. (NASDAQ:KNDI) Releases Earnings Results
Kandi Technologies Group, Inc. (NASDAQ:KNDI) posted its earnings results on Wednesday. The company reported ($0.20) earnings per share for the quarter, RTT News reports. Kandi Technologies Group had a negative net margin of 37.00% and a negative return on equity of 13.56%. The business had revenue of $27.33 million during the quarter.
Kandi Technologies Group (NASDAQ:KNDI) traded down 2.63% on Thursday, hitting $3.70. 160,599 shares of the company were exchanged. The stock’s market capitalization is $177.68 million. Kandi Technologies Group has a 52-week low of $3.40 and a 52-week high of $7.08. The stock’s 50-day moving average price is $4.17 and its 200-day moving average price is $4.12.
A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC purchased a new stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the second quarter, according to its most recent disclosure with the SEC. The fund purchased 22,685 shares of the company’s stock, valued at approximately $100,000. Hedge funds and other institutional investors own 3.41% of the company’s stock.
About Kandi Technologies Group
Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.
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