Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.40 and traded as low as $1.15. Kandi Technologies Group shares last traded at $1.21, with a volume of 97,895 shares traded.
Kandi Technologies Group Trading Up 5.0 %
The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55. The business's 50 day moving average is $1.07 and its 200 day moving average is $1.38. The stock has a market cap of $109.39 million, a price-to-earnings ratio of -15.94 and a beta of 1.35.
Hedge Funds Weigh In On Kandi Technologies Group
A number of institutional investors and hedge funds have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Kandi Technologies Group during the fourth quarter worth $91,000. Renaissance Technologies LLC boosted its stake in Kandi Technologies Group by 48.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company's stock valued at $84,000 after acquiring an additional 22,934 shares in the last quarter. Marshall Wace LLP acquired a new position in Kandi Technologies Group in the fourth quarter valued at $72,000. Virtu Financial LLC acquired a new position in Kandi Technologies Group in the third quarter valued at $78,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Kandi Technologies Group in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 3.66% of the company's stock.
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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