Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) saw unusually-high trading volume on Wednesday . Approximately 1,767,056 shares traded hands during mid-day trading, an increase of 277% from the previous session’s volume of 469,309 shares.The stock last traded at $5.39 and had previously closed at $4.43.
KNDI has been the subject of several research reports. TheStreet lowered shares of Kandi Technologies Group from a “c” rating to a “d+” rating in a research note on Friday, November 30th. BidaskClub upgraded shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st.
The company has a current ratio of 0.93, a quick ratio of 0.84 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $301.78 million, a PE ratio of 7.59 and a beta of 2.49.
A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC acquired a new stake in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,325 shares of the company’s stock, valued at approximately $162,000. Private Advisor Group LLC owned approximately 0.06% of Kandi Technologies Group as of its most recent filing with the Securities and Exchange Commission. 3.64% of the stock is owned by institutional investors and hedge funds.
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About Kandi Technologies Group (NASDAQ:KNDI)
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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