Kandi Technologies Group (KNDI) Lowered to Sell at BidaskClub

BidaskClub lowered shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a research report report published on Wednesday, December 20th.

Shares of Kandi Technologies Group (NASDAQ:KNDI) traded up $0.13 on Wednesday, reaching $7.30. The company’s stock had a trading volume of 445,546 shares, compared to its average volume of 638,743. Kandi Technologies Group has a fifty-two week low of $3.50 and a fifty-two week high of $9.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.14. The firm has a market cap of $354.27, a PE ratio of -8.20 and a beta of 2.82.

A number of institutional investors and hedge funds have recently modified their holdings of KNDI. Private Advisor Group LLC acquired a new position in Kandi Technologies Group in the 2nd quarter worth about $100,000. State Street Corp increased its holdings in Kandi Technologies Group by 17.3% in the 2nd quarter. State Street Corp now owns 39,990 shares of the company’s stock worth $178,000 after purchasing an additional 5,886 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Kandi Technologies Group in the 2nd quarter worth about $609,000. 3.81% of the stock is owned by institutional investors and hedge funds.

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Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.

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