Kandi Technologies Group (NASDAQ:KNDI) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Kandi Technologies Group (NASDAQ:KNDI) to a sell rating in a research note released on Friday.

Kandi Technologies Group Trading Up 2.7 %

Shares of KNDI opened at $1.92 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.68 and a current ratio of 4.48. Kandi Technologies Group has a fifty-two week low of $1.76 and a fifty-two week high of $3.74. The stock has a market capitalization of $167.73 million, a PE ratio of 64.02 and a beta of 1.35. The company’s fifty day moving average is $2.01 and its 200 day moving average is $2.30.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kandi Technologies Group stock. Empowered Funds LLC raised its position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 8.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,449 shares of the company’s stock after acquiring an additional 6,125 shares during the period. Empowered Funds LLC owned approximately 0.09% of Kandi Technologies Group worth $175,000 as of its most recent filing with the Securities & Exchange Commission. 3.66% of the stock is owned by hedge funds and other institutional investors.

About Kandi Technologies Group

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.