Kandi Technologies Group (KNDI) Stock Price Up 13.8%

Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) rose 13.8% on Tuesday . The stock traded as high as $4.40 and last traded at $4.38. Approximately 2,103,470 shares traded hands during trading, an increase of 575% from the average daily volume of 311,629 shares. The stock had previously closed at $3.85.

KNDI has been the subject of several recent research reports. ValuEngine lowered shares of Kandi Technologies Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. BidaskClub upgraded shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, April 11th.

The stock has a market capitalization of $196.39 million, a P/E ratio of 5.92 and a beta of 2.83. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.13.

Kandi Technologies Group (NASDAQ:KNDI) last released its quarterly earnings results on Friday, March 16th. The company reported $0.80 EPS for the quarter. The business had revenue of $42.85 million during the quarter. Kandi Technologies Group had a negative net margin of 0.44% and a positive return on equity of 13.14%.

Several institutional investors have recently added to or reduced their stakes in KNDI. Jane Street Group LLC bought a new position in shares of Kandi Technologies Group during the fourth quarter worth about $489,000. Adalta Capital Management LLC grew its position in shares of Kandi Technologies Group by 171.6% during the first quarter. Adalta Capital Management LLC now owns 95,012 shares of the company’s stock worth $461,000 after acquiring an additional 60,035 shares during the last quarter. Quantitative Investment Management LLC bought a new position in shares of Kandi Technologies Group during the fourth quarter worth about $263,000. First Allied Advisory Services Inc. bought a new position in shares of Kandi Technologies Group during the first quarter worth about $137,000. Finally, B. Riley Financial Inc. bought a new position in shares of Kandi Technologies Group during the fourth quarter worth about $136,000. Institutional investors and hedge funds own 3.68% of the company’s stock.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.

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