Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.97 and traded as low as $1.47. Kandi Technologies Group shares last traded at $1.47, with a volume of 329,489 shares changing hands.
Analysts Set New Price Targets
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 Analysis on Kandi Technologies Group
Kandi Technologies Group Stock Performance
The stock has a market capitalization of $125.80 million, a PE ratio of 49.00 and a beta of 1.35. 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 firm's 50 day moving average is $1.73 and its two-hundred day moving average is $1.97.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last announced its quarterly earnings data on Friday, August 16th. The company reported $0.02 EPS for the quarter. Kandi Technologies Group had a negative return on equity of 0.31% and a negative net margin of 0.98%. The business had revenue of $39.15 million during the quarter.
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 bought a new position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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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