Kandi Technologies Group, Inc. (NASDAQ:KNDI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.95 and traded as low as $1.41. Kandi Technologies Group shares last traded at $1.44, with a volume of 163,779 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Kandi Technologies Group from a "sell" rating to a "hold" rating in a report on Monday, August 19th.
Get Our Latest Stock Report on Kandi Technologies Group
Kandi Technologies Group Stock Performance
The stock has a market cap of $117.93 million, a price-to-earnings ratio of -144.00 and a beta of 1.35. The company has a quick ratio of 3.26, a current ratio of 4.11 and a debt-to-equity ratio of 0.02. The company has a 50 day simple moving average of $1.69 and a 200 day simple moving average of $1.95.
Kandi Technologies Group (NASDAQ:KNDI - Get Free Report) last issued its quarterly earnings results on Friday, August 16th. The company reported $0.02 EPS for the quarter. The business had revenue of $39.15 million for 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 raised its position in Kandi Technologies Group stock. Empowered Funds LLC increased its holdings in Kandi Technologies Group, Inc. (NASDAQ:KNDI - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 82,449 shares of the company's stock after buying an additional 6,125 shares during the period. Empowered Funds LLC owned 0.09% of Kandi Technologies Group worth $175,000 as of its most recent SEC filing. 3.66% of the stock is 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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