Whittier Trust Co. Invests $28,000 in Kandi Technologies Group, Inc. (NASDAQ:KNDI)

Whittier Trust Co. bought a new position in Kandi Technologies Group, Inc. (NASDAQ:KNDI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $28,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new position in Kandi Technologies Group in the 1st quarter worth approximately $57,000. Ergoteles LLC purchased a new position in shares of Kandi Technologies Group in the first quarter worth $897,000. XTX Topco Ltd bought a new position in shares of Kandi Technologies Group during the first quarter worth $103,000. Verition Fund Management LLC purchased a new position in Kandi Technologies Group during the first quarter valued at $99,000. Finally, Renaissance Technologies LLC bought a new stake in Kandi Technologies Group in the 1st quarter valued at $37,000. Institutional investors own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on KNDI. StockNews.com downgraded shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Monday, March 18th. TheStreet cut Kandi Technologies Group from a “c-” rating to a “d+” rating in a report on Friday, December 8th.

Kandi Technologies Group Price Performance

KNDI stock opened at $2.07 on Thursday. Kandi Technologies Group, Inc. has a 52 week low of $2.04 and a 52 week high of $4.27. The firm has a market capitalization of $180.83 million, a P/E ratio of -41.40 and a beta of 1.47. The company has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $2.88. The company has a quick ratio of 3.68, a current ratio of 4.48 and a debt-to-equity ratio of 0.02.

Kandi Technologies Group Company Profile

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.