Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) were down 1.3% on Tuesday . The stock traded as low as $4.47 and last traded at $4.43, approximately 50,740 shares changed hands during mid-day trading. A decline of 96% from the average daily volume of 1,181,168 shares. The stock had previously closed at $4.49.
Separately, BidaskClub raised shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 8th.
The company has a quick ratio of 1.26, a current ratio of 1.52 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $3.56 and a 200 day simple moving average of $3.64.
A number of institutional investors and hedge funds have recently bought and sold shares of KNDI. Oxford Asset Management LLP purchased a new stake in Kandi Technologies Group in the 4th quarter valued at about $62,000. State Street Corp grew its holdings in Kandi Technologies Group by 73.7% in the 1st quarter. State Street Corp now owns 97,347 shares of the company’s stock valued at $255,000 after buying an additional 41,295 shares during the period. Tower Research Capital LLC TRC purchased a new stake in Kandi Technologies Group in the 1st quarter valued at about $47,000. Finally, Jane Street Group LLC purchased a new stake in shares of Kandi Technologies Group during the 1st quarter worth about $28,000. Institutional investors own 2.17% of the company’s stock.
Kandi Technologies Group Company Profile (NASDAQ:KNDI)
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.
Further Reading: Profit margin is different from the revenue
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