Kandi Technologies Group (NASDAQ:KNDI) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.97 and traded as low as $1.47. Kandi Technologies Group shares last traded at $1.47, with a volume of 329,489 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com raised Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Monday, August 19th.

Kandi Technologies Group Stock Down 5.2 %

The stock has a fifty day simple moving average of $1.73 and a two-hundred day simple moving average of $1.97. The firm has a market cap of $128.42 million, a PE ratio of 49.00 and a beta of 1.35. The company has a current ratio of 4.11, a quick ratio of 3.26 and a debt-to-equity ratio of 0.02.

Kandi Technologies Group (NASDAQ:KNDI) last issued its quarterly earnings data on Friday, August 16th. The company reported $0.02 EPS for the quarter. The company had revenue of $39.15 million during the quarter. Kandi Technologies Group had a negative net margin of 0.98% and a negative return on equity of 0.31%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kandi Technologies Group stock. Empowered Funds LLC boosted its holdings in Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 8.0% during the first quarter, according to its most recent 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 quarter. Empowered Funds LLC owned 0.09% of Kandi Technologies Group worth $175,000 at the end of the most recent reporting period. 3.66% of the stock is currently owned by hedge funds and other institutional investors.

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.