Kandi Technologies Group (NASDAQ:KNDI) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.46 and traded as low as $1.11. Kandi Technologies Group shares last traded at $1.11, with a volume of 33,473 shares changing hands.

Kandi Technologies Group Stock Performance

The stock has a market cap of $95.54 million, a price-to-earnings ratio of -13.88 and a beta of 1.37. 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’s 50-day simple moving average is $1.08 and its two-hundred day simple moving average is $1.46.

Hedge Funds Weigh In On Kandi Technologies Group

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Virtu Financial LLC purchased a new position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,025 shares of the company’s stock, valued at approximately $78,000. Hedge funds and other institutional investors own 3.66% of the company’s stock.

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.