Kandi Technologies Group (NASDAQ:KNDI) Shares Cross Below 200 Day Moving Average of $2.73

Posted by Mickey Rousseau on Apr 24th, 2024

Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.73 and traded as low as $2.32. Kandi Technologies Group shares last traded at $2.50, with a volume of 170,481 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com lowered Kandi Technologies Group from a “hold” rating to a “sell” rating in a research report on Monday, March 18th.

Get Our Latest Analysis on KNDI

Kandi Technologies Group Stock Performance

The stock has a 50 day moving average price of $2.34 and a two-hundred day moving average price of $2.72. The company has a current ratio of 4.48, a quick ratio of 3.68 and a debt-to-equity ratio of 0.02. The company has a market cap of $228.01 million, a price-to-earnings ratio of 87.03 and a beta of 1.46.

Kandi Technologies Group (NASDAQ:KNDI – Get Free Report) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.06) earnings per share for the quarter.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Whittier Trust Co. acquired a new position in shares of Kandi Technologies Group in the 4th quarter valued at $28,000. Plan Group Financial LLC acquired a new stake in Kandi Technologies Group during the 3rd quarter worth $42,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Kandi Technologies Group by 102.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after buying an additional 116,184 shares during the period. Institutional investors and hedge funds own 3.66% of the company’s stock.

About Kandi Technologies Group

(Get Free Report)

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.