Kandi Technologies Group (NASDAQ:KNDI) Shares Pass Below 200 Day Moving Average of $2.68

Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.68 and traded as low as $2.47. Kandi Technologies Group shares last traded at $2.54, with a volume of 83,686 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Monday, March 18th.

Kandi Technologies Group Stock Performance

The company has a market capitalization of $221.89 million, a P/E ratio of 84.69 and a beta of 1.46. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.48 and a quick ratio of 3.68. The stock’s 50 day simple moving average is $2.34 and its two-hundred day simple moving average is $2.68.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Thursday, March 14th. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $28.36 million for the quarter.

Institutional Investors Weigh In On Kandi Technologies Group

A number of institutional investors and hedge funds have recently modified their holdings of KNDI. Whittier Trust Co. bought a new stake in shares of Kandi Technologies Group during the fourth quarter worth approximately $28,000. Plan Group Financial LLC bought a new stake in shares of Kandi Technologies Group during the third quarter worth approximately $42,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Kandi Technologies Group by 102.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after buying an additional 116,184 shares during the last quarter. 3.66% of the stock is 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.