B. Riley Financial Inc. bought a new stake in Kandi Technologies Group Inc (NASDAQ:KNDI) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 20,000 shares of the company’s stock, valued at approximately $136,000.

Separately, State Street Corp lifted its stake in shares of Kandi Technologies Group by 17.3% in the 2nd quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after purchasing an additional 5,886 shares during the period. Institutional investors own 3.86% of the company’s stock.

Kandi Technologies Group Inc (NASDAQ KNDI) opened at $5.70 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.14. Kandi Technologies Group Inc has a 12 month low of $3.50 and a 12 month high of $9.90.

Separately, BidaskClub cut shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Friday, January 19th.

TRADEMARK VIOLATION NOTICE: This story was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of United States and international trademark and copyright law. The legal version of this story can be accessed at https://www.dailypolitical.com/2018/02/24/b-riley-financial-inc-buys-new-position-in-kandi-technologies-group-inc-kndi.html.

Kandi Technologies Group Company Profile

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.

Want to see what other hedge funds are holding KNDI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kandi Technologies Group Inc (NASDAQ:KNDI).

Institutional Ownership by Quarter for Kandi Technologies Group (NASDAQ:KNDI)

Receive News & Ratings for Kandi Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kandi Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.