Kandi Technologies Group (NASDAQ:KNDI) Stock Price Passes Below Two Hundred Day Moving Average of $2.59

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDIGet Rating) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.59 and traded as low as $2.09. Kandi Technologies Group shares last traded at $2.13, with a volume of 199,254 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Thursday, May 26th.

Kandi Technologies Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.33 and a current ratio of 4.95. The firm’s fifty day simple moving average is $2.32 and its 200 day simple moving average is $2.58.

Kandi Technologies Group (NASDAQ:KNDIGet Rating) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter. Kandi Technologies Group had a negative net margin of 16.65% and a negative return on equity of 3.48%. The business had revenue of $20.84 million during the quarter. On average, analysts forecast that Kandi Technologies Group, Inc. will post -0.11 EPS for the current year.

Institutional Trading of Kandi Technologies Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Walleye Capital LLC increased its holdings in Kandi Technologies Group by 1,447.5% during the second quarter. Walleye Capital LLC now owns 203,850 shares of the company’s stock worth $489,000 after buying an additional 190,677 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Kandi Technologies Group during the second quarter worth $98,000. Renaissance Technologies LLC increased its holdings in Kandi Technologies Group by 240.0% during the second quarter. Renaissance Technologies LLC now owns 39,100 shares of the company’s stock worth $94,000 after buying an additional 27,600 shares during the last quarter. UBS Group AG increased its holdings in Kandi Technologies Group by 162.9% during the second quarter. UBS Group AG now owns 24,400 shares of the company’s stock worth $58,000 after buying an additional 15,119 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Kandi Technologies Group during the first quarter worth $99,000. 8.05% of the stock is currently owned by institutional investors and hedge funds.

About Kandi Technologies Group

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Kandi Technologies Group, Inc designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts.

Further Reading

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