Kandi Technologies Group (NASDAQ:KNDI) Share Price Crosses Below 200-Day Moving Average of $2.44

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.44 and traded as low as $1.78. Kandi Technologies Group shares last traded at $1.78, with a volume of 128,454 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kandi Technologies Group to a “sell” rating in a research note on Monday, May 27th.

Kandi Technologies Group Trading Down 2.7 %

The company has a market cap of $155.50 million, a PE ratio of 59.35 and a beta of 1.33. The business has a 50 day simple moving average of $2.24 and a two-hundred day simple moving average of $2.44. The company has a current ratio of 4.48, a quick ratio of 3.68 and a debt-to-equity ratio of 0.02.

Institutional Trading of Kandi Technologies Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. acquired a new stake in shares of Kandi Technologies Group during the 4th quarter worth $28,000. Empowered Funds LLC increased its holdings in shares of Kandi Technologies Group by 8.0% during the 1st quarter. Empowered Funds LLC now owns 82,449 shares of the company’s stock worth $175,000 after buying an additional 6,125 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Kandi Technologies Group by 102.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after buying an additional 116,184 shares during the last quarter. 3.66% of the stock is currently owned by institutional investors and hedge funds.

About Kandi Technologies Group

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.