Kandi Technologies Group (KNDI) Scheduled to Post Quarterly Earnings on Wednesday

Kandi Technologies Group (NASDAQ:KNDI – Get Rating) will be releasing its earnings data before the market opens on Wednesday, March 15th. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kandi Technologies Group Stock Performance

Shares of Kandi Technologies Group stock opened at $2.25 on Monday. Kandi Technologies Group has a fifty-two week low of $2.00 and a fifty-two week high of $3.75. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.54 and a quick ratio of 3.93. The firm has a market capitalization of $167.02 million, a P/E ratio of -28.13 and a beta of 1.82. The company’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.50.

Hedge Funds Weigh In On Kandi Technologies Group

A number of hedge funds have recently bought and sold shares of KNDI. Verition Fund Management LLC bought a new stake in Kandi Technologies Group in the first quarter valued at $99,000. Goldman Sachs Group Inc. bought a new stake in shares of Kandi Technologies Group during the second quarter worth about $98,000. Schonfeld Strategic Advisors LLC increased its position in shares of Kandi Technologies Group by 20.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 42,700 shares of the company’s stock worth $98,000 after acquiring an additional 7,200 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Kandi Technologies Group by 240.0% during the second quarter. Renaissance Technologies LLC now owns 39,100 shares of the company’s stock worth $94,000 after acquiring an additional 27,600 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Kandi Technologies Group by 26.1% during the fourth quarter. GSA Capital Partners LLP now owns 37,052 shares of the company’s stock worth $85,000 after purchasing an additional 7,665 shares during the last quarter. Institutional investors own 6.98% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Kandi Technologies Group in a report on Friday. They set a “hold” rating on the stock.

Kandi Technologies Group Company Profile

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Kandi Technologies Group, Inc is a holding company, which engages in the development, production, and distribution of electric vehicle products and parts. It offers off-road vehicles including ATVs, utility vehicles, go-karts, and electric scooters. The company was founded on March 31, 2004 and is headquartered in Jinhua, China.