Kandi Technologies Group (NASDAQ:KNDI) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Posted by Defense World Staff on Oct 30th, 2024

Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.95 and traded as low as $1.41. Kandi Technologies Group shares last traded at $1.44, with a volume of 163,779 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a research report on Monday, August 19th.

Check Out Our Latest Analysis on KNDI

Kandi Technologies Group Stock Down 3.4 %

The firm has a market capitalization of $125.80 million, a PE ratio of 48.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.11 and a quick ratio of 3.26. The company has a 50-day moving average price of $1.70 and a 200 day moving average price of $1.95.

Kandi Technologies Group (NASDAQ:KNDI – Get Free Report) last issued its earnings results on Friday, August 16th. The company reported $0.02 earnings per share (EPS) for the quarter. Kandi Technologies Group had a negative return on equity of 0.31% and a negative net margin of 0.98%. The company had revenue of $39.15 million for the quarter.

Institutional Trading of Kandi Technologies Group

An institutional investor recently raised its position in Kandi Technologies Group stock. Empowered Funds LLC boosted its position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI – Free Report) by 8.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 82,449 shares of the company’s stock after buying an additional 6,125 shares during the period. Empowered Funds LLC owned approximately 0.09% of Kandi Technologies Group worth $175,000 as of its most recent SEC filing. Institutional investors own 3.66% of the company’s stock.

Kandi Technologies Group Company Profile

(Get Free Report)

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.