Kandi Technologies Group (NASDAQ:KNDI) Lowered to Sell Rating by StockNews.com

StockNews.com lowered shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a report released on Tuesday.

Kandi Technologies Group Trading Down 1.3 %

Shares of NASDAQ KNDI opened at $1.51 on Tuesday. The stock has a market capitalization of $129.97 million, a P/E ratio of -18.88 and a beta of 1.37. The business’s 50 day moving average is $1.28 and its two-hundred day moving average is $1.34. Kandi Technologies Group has a 1-year low of $0.89 and a 1-year high of $2.98. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. bought a new position in shares of Kandi Technologies Group during the fourth quarter valued at approximately $36,000. Virtu Financial LLC bought a new position in shares of Kandi Technologies Group during the third quarter valued at approximately $78,000. Renaissance Technologies LLC grew its stake in shares of Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock valued at $84,000 after buying an additional 22,934 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Kandi Technologies Group during the fourth quarter valued at approximately $72,000. Finally, XTX Topco Ltd bought a new position in shares of Kandi Technologies Group during the fourth quarter valued at approximately $91,000. Institutional investors own 3.66% of the company’s stock.

Kandi Technologies Group Company Profile

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.