Kandi Technologies Group (NASDAQ:KNDI) Stock Passes Below 200 Day Moving Average of $2.04

Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.04 and traded as low as $1.60. Kandi Technologies Group shares last traded at $1.69, with a volume of 67,810 shares.

Analyst Upgrades and Downgrades

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

Kandi Technologies Group Stock Performance

The stock has a market capitalization of $147.64 million, a PE ratio of 56.33 and a beta of 1.34. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 3.68. The business’s fifty day moving average price is $1.79 and its 200-day moving average price is $2.04.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kandi Technologies Group stock. Empowered Funds LLC increased its stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 8.0% during the 1st 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 purchasing 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. 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.