TheStreet Upgrades Kandi Technologies Group (NASDAQ:KNDI) to “C-“

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Kandi Technologies Group (NASDAQ:KNDI) was upgraded by analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Friday, TheStreetRatingsTable reports.

KNDI has been the subject of several other research reports. BidaskClub upgraded shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. ValuEngine downgraded shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

KNDI stock opened at $5.00 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.62 and a quick ratio of 1.35. Kandi Technologies Group has a twelve month low of $3.54 and a twelve month high of $9.23. The company’s 50 day moving average is $4.93 and its two-hundred day moving average is $4.97.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Invesco Ltd. grew its holdings in shares of Kandi Technologies Group by 56.5% during the second quarter. Invesco Ltd. now owns 160,630 shares of the company’s stock worth $792,000 after purchasing an additional 58,016 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Kandi Technologies Group by 13.0% during the second quarter. GSA Capital Partners LLP now owns 116,800 shares of the company’s stock worth $576,000 after purchasing an additional 13,461 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Kandi Technologies Group by 23.6% in the 2nd quarter. Morgan Stanley now owns 188,711 shares of the company’s stock valued at $930,000 after purchasing an additional 36,074 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Kandi Technologies Group in the 3rd quarter valued at about $104,000. Finally, State Street Corp lifted its holdings in shares of Kandi Technologies Group by 12.9% in the 3rd quarter. State Street Corp now owns 61,389 shares of the company’s stock valued at $286,000 after purchasing an additional 7,024 shares during the last quarter. Institutional investors own 4.06% of the company’s stock.

Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.

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