Kandi Technologies Group (NASDAQ:KNDI) Stock Price Passes Below Two Hundred Day Moving Average of $3.04

Kandi Technologies Group, Inc. (NASDAQ:KNDIGet 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.

Kandi Technologies Group (NASDAQ:KNDIGet Rating) last posted its earnings results on Monday, May 9th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $24.89 million for the quarter. Kandi Technologies Group had a net margin of 27.54% and a negative return on equity of 2.36%. As a group, equities research analysts anticipate that Kandi Technologies Group, Inc. will post -0.45 earnings per share for the current year.

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.

See Also

Want More Great Investing Ideas?

Receive News & Ratings for Kandi Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kandi Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.