Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.32 and traded as low as $1.31. Kandi Technologies Group shares last traded at $1.42, with a volume of 142,811 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Kandi Technologies Group from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.
Read Our Latest Report on KNDI
Kandi Technologies Group Price Performance
The firm has a market capitalization of $113.62 million, a price-to-earnings ratio of -16.50 and a beta of 1.15. The company has a current ratio of 3.26, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $1.35 and a two-hundred day moving average price of $1.32.
Institutional Trading of Kandi Technologies Group
Several hedge funds have recently bought and sold shares of KNDI. Marshall Wace LLP acquired a new stake in shares of Kandi Technologies Group in the fourth quarter valued at approximately $72,000. XTX Topco Ltd acquired a new stake in Kandi Technologies Group in the 4th quarter valued at approximately $91,000. Renaissance Technologies LLC raised its stake in Kandi Technologies Group by 48.8% during the 4th 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. Atria Wealth Solutions Inc. bought a new stake in Kandi Technologies Group during the 4th quarter valued at $36,000. Finally, Virtu Financial LLC acquired a new position in Kandi Technologies Group during the 3rd quarter worth $78,000. 3.66% of the stock is currently owned by institutional investors.
About Kandi Technologies Group
(
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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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