Kandi Technologies Group (NASDAQ:KNDI) Rating Lowered to “Sell” at StockNews.com

Kandi Technologies Group (NASDAQ:KNDI) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Kandi Technologies Group Price Performance

KNDI opened at $1.53 on Tuesday. The firm has a market cap of $131.69 million, a price-to-earnings ratio of -19.13 and a beta of 1.37. Kandi Technologies Group has a fifty-two week low of $0.89 and a fifty-two week high of $2.98. The company’s 50-day moving average price is $1.27 and its 200 day moving average price is $1.34. The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNDI. XTX Topco Ltd bought a new position in shares of Kandi Technologies Group in the fourth quarter valued at approximately $91,000. Marshall Wace LLP bought a new position in shares of Kandi Technologies Group in the fourth quarter valued at approximately $72,000. Virtu Financial LLC bought a new stake in Kandi Technologies Group during the third quarter worth approximately $78,000. Atria Wealth Solutions Inc. bought a new stake in Kandi Technologies Group during the fourth quarter worth approximately $36,000. Finally, Renaissance Technologies LLC boosted its holdings in Kandi Technologies Group by 48.8% during the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock worth $84,000 after buying an additional 22,934 shares in the last quarter. 3.66% of the stock is currently owned by 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.