Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.04 and traded as low as $2.28. Kandi Technologies Group shares last traded at $2.30, with a volume of 355,357 shares trading hands.
Separately, StockNews.com raised shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a research report on Thursday, May 26th.
The stock has a 50 day moving average price of $2.59 and a 200 day moving average price of $3.04. The company has a market capitalization of $174.12 million, a P/E ratio of 6.22 and a beta of 1.89.
Several institutional investors have recently made changes to their positions in the stock. Invesco Ltd. lifted its holdings in Kandi Technologies Group by 2.2% in the fourth quarter. Invesco Ltd. now owns 5,953,498 shares of the company’s stock valued at $19,111,000 after acquiring an additional 129,812 shares during the period. Marshall Wace LLP raised its position in shares of Kandi Technologies Group by 384.6% in the 4th quarter. Marshall Wace LLP now owns 1,464,507 shares of the company’s stock worth $4,701,000 after acquiring an additional 1,162,327 shares in the last quarter. State Street Corp raised its position in shares of Kandi Technologies Group by 29.5% in the 4th quarter. State Street Corp now owns 1,105,233 shares of the company’s stock worth $3,548,000 after acquiring an additional 251,986 shares in the last quarter. Millennium Management LLC purchased a new position in Kandi Technologies Group during the 4th quarter worth $2,123,000. Finally, Ergoteles LLC purchased a new position in Kandi Technologies Group during the 1st quarter worth $897,000. Institutional investors own 8.63% of the company’s stock.
About Kandi Technologies Group (NASDAQ:KNDI)
Kandi Technologies Group, Inc designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts, and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts.
- Get a free copy of the StockNews.com research report on Kandi Technologies Group (KNDI)
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