Kandi Technologies Group (NASDAQ:KNDI) Shares Cross Below 200 Day Moving Average – What’s Next?

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.54 and traded as low as $0.99. Kandi Technologies Group shares last traded at $1.00, with a volume of 144,729 shares changing hands.

Kandi Technologies Group Stock Down 2.0 %

The firm has a 50 day simple moving average of $1.12 and a two-hundred day simple moving average of $1.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26. The stock has a market cap of $86.07 million, a P/E ratio of -12.50 and a beta of 1.37.

Institutional Trading of Kandi Technologies Group

An institutional investor recently bought a new position in Kandi Technologies Group stock. Virtu Financial LLC bought a new position in Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 38,025 shares of the company’s stock, valued at approximately $78,000. Institutional investors own 3.66% of the company’s stock.

Kandi Technologies Group Company Profile

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.