Kandi Technologies Group (KNDI) Downgraded by BidaskClub

BidaskClub downgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a sell rating to a strong sell rating in a research report sent to investors on Friday morning.

Kandi Technologies Group (KNDI) opened at $5.60 on Friday. Kandi Technologies Group has a 52-week low of $3.50 and a 52-week high of $9.90. The stock has a market capitalization of $269.00, a P/E ratio of -6.29 and a beta of 2.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.15 and a current ratio of 1.23.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Thursday, November 9th. The company reported $0.06 earnings per share (EPS) for the quarter. Kandi Technologies Group had a negative return on equity of 22.45% and a negative net margin of 55.20%.

An institutional investor recently raised its position in Kandi Technologies Group stock. State Street Corp increased its holdings in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) by 17.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,990 shares of the company’s stock after buying an additional 5,886 shares during the period. State Street Corp owned about 0.08% of Kandi Technologies Group worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 4.02% of the company’s stock.

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Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.

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