Kandi Technologies Group (NASDAQ:KNDI) Upgraded at BidaskClub

BidaskClub upgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

Separately, ValuEngine raised shares of Kandi Technologies Group from a sell rating to a hold rating in a report on Thursday, October 31st.

Kandi Technologies Group stock traded up $0.04 during mid-day trading on Thursday, hitting $4.99. 81,300 shares of the company were exchanged, compared to its average volume of 651,686. The business has a fifty day moving average of $4.94 and a 200 day moving average of $4.97. Kandi Technologies Group has a 1-year low of $3.54 and a 1-year high of $9.23. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.35 and a current ratio of 1.62.

Large investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in Kandi Technologies Group by 12.9% during the third quarter. State Street Corp now owns 61,389 shares of the company’s stock worth $286,000 after buying an additional 7,024 shares during the last quarter. GSA Capital Partners LLP increased its holdings in shares of Kandi Technologies Group by 13.0% during the second quarter. GSA Capital Partners LLP now owns 116,800 shares of the company’s stock worth $576,000 after buying an additional 13,461 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Kandi Technologies Group during the third quarter worth approximately $104,000. Morgan Stanley raised its stake in shares of Kandi Technologies Group by 23.6% in the second quarter. Morgan Stanley now owns 188,711 shares of the company’s stock valued at $930,000 after acquiring an additional 36,074 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Kandi Technologies Group by 56.5% in the second quarter. Invesco Ltd. now owns 160,630 shares of the company’s stock valued at $792,000 after acquiring an additional 58,016 shares during the last quarter. Hedge funds and other institutional investors own 4.02% of the company’s stock.

About Kandi Technologies Group

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and 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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