Kandi Technologies Group (NASDAQ:KNDI) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.40 and traded as low as $1.15. Kandi Technologies Group shares last traded at $1.21, with a volume of 97,895 shares changing hands.

Kandi Technologies Group Trading Up 3.4 %

The company has a 50 day moving average price of $1.07 and a two-hundred day moving average price of $1.40. 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 firm has a market capitalization of $104.14 million, a price-to-earnings ratio of -15.13 and a beta of 1.35.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Marshall Wace LLP acquired a new position in shares of Kandi Technologies Group in the fourth quarter valued at approximately $72,000. XTX Topco Ltd acquired a new position in Kandi Technologies Group in the 4th quarter valued at $91,000. Renaissance Technologies LLC boosted its holdings in Kandi Technologies Group by 48.8% in the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock valued at $84,000 after purchasing an additional 22,934 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in Kandi Technologies Group in the fourth quarter worth $36,000. Finally, Virtu Financial LLC purchased a new stake in Kandi Technologies Group during the third quarter worth about $78,000. Hedge funds and other 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.