Kandi Technologies Group (KNDI) Rating Lowered to Buy at ValuEngine

Kandi Technologies Group (NASDAQ:KNDI) was downgraded by ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Separately, BidaskClub lowered Kandi Technologies Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th.

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Shares of Kandi Technologies Group stock opened at $5.05 on Tuesday. Kandi Technologies Group has a one year low of $3.50 and a one year high of $9.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.20 and a current ratio of 1.29. The stock has a market cap of $261.75, a P/E ratio of 23.09 and a beta of 2.77.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Friday, March 16th. The company reported $0.80 EPS for the quarter. Kandi Technologies Group had a positive return on equity of 3.91% and a negative net margin of 27.57%. The company had revenue of $42.85 million for the quarter.

Institutional investors have recently made changes to their positions in the stock. Quantitative Investment Management LLC bought a new stake in shares of Kandi Technologies Group during the 4th quarter valued at about $263,000. Jane Street Group LLC bought a new stake in shares of Kandi Technologies Group during the 4th quarter valued at about $489,000. B. Riley Financial Inc. bought a new stake in shares of Kandi Technologies Group during the 4th quarter valued at about $136,000. Adalta Capital Management LLC bought a new stake in shares of Kandi Technologies Group during the 4th quarter valued at about $238,000. Finally, State Street Corp boosted its position in shares of Kandi Technologies Group by 17.3% during the 2nd quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after purchasing an additional 5,886 shares in the last quarter. Institutional investors own 4.29% of the company’s stock.

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About Kandi Technologies Group

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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