Kandi Technologies Group (NASDAQ:KNDI) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a research note released on Tuesday morning.

Kandi Technologies Group Price Performance

Shares of Kandi Technologies Group stock opened at $1.50 on Tuesday. The firm has a market cap of $129.11 million, a P/E ratio of -18.75 and a beta of 1.37. The firm’s 50-day simple moving average is $1.27 and its 200-day simple moving average is $1.34. Kandi Technologies Group has a twelve month low of $0.89 and a twelve month high of $2.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26.

Institutional Investors Weigh In On Kandi Technologies Group

Several large investors have recently modified their holdings of KNDI. Atria Wealth Solutions Inc. acquired a new stake in Kandi Technologies Group in the 4th quarter valued at $36,000. Virtu Financial LLC bought a new position in shares of Kandi Technologies Group during the third quarter valued at $78,000. Renaissance Technologies LLC lifted its holdings in shares of Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock valued at $84,000 after acquiring an additional 22,934 shares during the period. Marshall Wace LLP acquired a new stake in shares of Kandi Technologies Group in the 4th quarter valued at $72,000. Finally, XTX Topco Ltd bought a new stake in shares of Kandi Technologies Group in the 4th quarter worth about $91,000. 3.66% of the stock is currently owned by institutional investors.

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.