Pasadena Private Wealth LLC Makes New $41,000 Investment in Kandi Technologies Group, Inc. (NASDAQ:KNDI)

Pasadena Private Wealth LLC purchased a new stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,350 shares of the company’s stock, valued at approximately $41,000.

Other large investors have also modified their holdings of the company. American Century Companies Inc. purchased a new position in shares of Kandi Technologies Group during the first quarter valued at approximately $57,000. Ergoteles LLC purchased a new position in shares of Kandi Technologies Group during the first quarter valued at approximately $897,000. XTX Topco Ltd purchased a new position in shares of Kandi Technologies Group during the first quarter valued at approximately $103,000. Verition Fund Management LLC purchased a new position in Kandi Technologies Group during the first quarter worth approximately $99,000. Finally, Renaissance Technologies LLC purchased a new position in Kandi Technologies Group during the first quarter worth approximately $37,000. 4.96% of the stock is currently owned by institutional investors and hedge funds.

Kandi Technologies Group Stock Up 1.2 %

Shares of KNDI traded up $0.04 during midday trading on Monday, reaching $3.42. The stock had a trading volume of 35,167 shares, compared to its average volume of 174,505. Kandi Technologies Group, Inc. has a 52 week low of $2.00 and a 52 week high of $4.27. The firm’s 50 day moving average price is $3.49 and its 200-day moving average price is $3.30.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Tuesday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $35.95 million for the quarter. Kandi Technologies Group had a negative return on equity of 1.23% and a negative net margin of 3.72%.

Analyst Ratings Changes

A number of research firms have weighed in on KNDI. TheStreet raised shares of Kandi Technologies Group from a “d+” rating to a “c” rating in a research note on Thursday, August 17th. StockNews.com began coverage on shares of Kandi Technologies Group in a research report on Thursday, August 17th. They issued a “hold” rating for the company.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts in the People's Republic of China, the United States, and internationally. 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 EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts.