Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.69 and traded as low as $0.97. Kandi Technologies Group shares last traded at $1.01, with a volume of 169,625 shares traded.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Kandi Technologies Group from a "sell" rating to a "hold" rating in a research note on Monday, August 19th.
View Our Latest Report on Kandi Technologies Group
Kandi Technologies Group Stock Performance
The company's 50 day simple moving average is $1.33 and its 200 day simple moving average is $1.68. 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 stock has a market cap of $86.07 million, a PE ratio of -12.50 and a beta of 1.38.
Institutional Investors Weigh In On Kandi Technologies Group
A hedge fund recently bought a new stake in Kandi Technologies Group stock. Impact Partnership Wealth LLC acquired a new position in Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 26,000 shares of the company's stock, valued at approximately $57,000. 3.66% of the stock is currently owned by hedge funds and other 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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