Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.90 and traded as low as $1.29. Kandi Technologies Group shares last traded at $1.29, with a volume of 182,833 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Kandi Technologies Group from a "sell" rating to a "hold" rating in a report on Monday, August 19th.
View Our Latest Research Report on KNDI
Kandi Technologies Group Stock Up 6.2 %
The company's 50-day moving average price is $1.63 and its 200 day moving average price is $1.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.26 and a current ratio of 4.11. The stock has a market cap of $119.68 million, a PE ratio of -137.00 and a beta of 1.40.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its earnings results on Friday, August 16th. The company reported $0.02 EPS for the quarter. The business had revenue of $39.15 million during the quarter. Kandi Technologies Group had a negative net margin of 0.98% and a negative return on equity of 0.31%.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in Kandi Technologies Group stock. Impact Partnership Wealth LLC acquired a new stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 26,000 shares of the company's stock, valued at approximately $57,000. 3.66% of the stock is currently owned by institutional investors.
Kandi Technologies Group Company Profile
(
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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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