Kandi Technologies Group (NASDAQ:KNDI) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.50 and traded as low as $1.10. Kandi Technologies Group shares last traded at $1.13, with a volume of 101,207 shares changing hands.

Kandi Technologies Group Stock Down 2.2 %

The stock has a fifty day moving average price of $1.09 and a two-hundred day moving average price of $1.50. The company has a market cap of $96.83 million, a P/E ratio of -14.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55.

Hedge Funds Weigh In On Kandi Technologies Group

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Virtu Financial LLC purchased a new stake in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 38,025 shares of the company’s stock, valued at approximately $78,000. 3.66% of the stock is owned by institutional investors and hedge funds.

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.