Kandi Technologies Group (NASDAQ:KNDI) Stock Price Breaks Below Two Hundred Day Moving Average – Should You Sell?

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $0.72 and traded as low as $0.52. Kandi Technologies Group shares last traded at $0.5610, with a volume of 105,015 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kandi Technologies Group in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Kandi Technologies Group Stock Up 5.0%

The company has a fifty day simple moving average of $0.63 and a 200-day simple moving average of $0.72. The firm has a market cap of $58.32 million, a P/E ratio of -1.94 and a beta of 0.60.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc is a China-based manufacturer and developer of electric vehicles and powersports products. Through its subsidiaries, the company offers electric passenger vehicles, utility vehicles, recreational vehicles, all-terrain vehicles, golf carts and related products.

The company also develops and sells electric off-road vehicles, including electric UTVs, ATVs and other recreational and utility models. Its product portfolio has included vehicles designed for personal transportation, property maintenance, recreation and other light-duty applications, as well as related parts and accessories.

Kandi Technologies was founded in 2002 and is headquartered in Jinhua, Zhejiang Province, China.