Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.
Kandi Technologies Group Stock Down 0.7 %
NASDAQ KNDI traded down $0.01 on Tuesday, reaching $1.50. 122,341 shares of the stock traded hands, compared to its average volume of 159,325. 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 fifty day moving average price of $1.29 and a 200-day moving average price of $1.34. The company has a market cap of $129.11 million, a price-to-earnings ratio of -18.75 and a beta of 1.37. Kandi Technologies Group has a 12 month low of $0.89 and a 12 month high of $2.98.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in KNDI. Virtu Financial LLC bought a new position in shares of Kandi Technologies Group in the 3rd quarter worth $78,000. Atria Wealth Solutions Inc. bought a new position in shares of Kandi Technologies Group in the 4th quarter worth $36,000. Renaissance Technologies LLC raised its position 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 worth $84,000 after acquiring an additional 22,934 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Kandi Technologies Group in the 4th quarter worth $91,000. Finally, Marshall Wace LLP purchased a new position in Kandi Technologies Group during the 4th quarter worth $72,000. 3.66% of the stock is owned by institutional investors.
About Kandi Technologies Group
(
Get Free Report)
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.
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