Kandi Technologies Group (NASDAQ:KNDI) Stock Breaks Above Fifty Day Moving Average – Should You Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s stock price crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $0.64 and traded as high as $0.80. Kandi Technologies Group shares last traded at $0.7054, with a volume of 737,115 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Kandi Technologies Group in a research note on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kandi Technologies Group presently has a consensus rating of “Sell”.

Kandi Technologies Group Stock Down 5.8%

The stock has a market cap of $67.48 million, a P/E ratio of -2.24 and a beta of 0.54. The firm’s 50-day moving average is $0.64 and its two-hundred day moving average is $0.71.

Kandi Technologies Group (NASDAQ:KNDI) last posted its earnings results on Monday, September 28th. The company reported $0.05 EPS for the quarter. The business had revenue of $28.56 million during the quarter.

About Kandi Technologies Group

Kandi Technologies Group, Inc is a China-based manufacturer and developer of electric vehicles and powersports products. Through its subsidiaries, the company focuses on designing, producing and selling electric transportation products for consumer, recreational and utility applications.

Its product portfolio has included electric golf carts, neighborhood electric vehicles, all-terrain vehicles, utility vehicles, go-karts and related electric powersports products. The company also develops components and systems used in electric vehicles, including battery-related products and other supporting technologies.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi serves customers primarily in China and the United States, with products marketed for personal transportation, outdoor recreation and commercial or utility use.