Kandi Technologies Group (NASDAQ:KNDI) Stock Crosses Below 200 Day Moving Average – Here’s Why

Kandi Technologies Group, Inc. (NASDAQ:KNDI) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.43 and traded as low as $1.08. Kandi Technologies Group shares last traded at $1.09, with a volume of 173,922 shares traded.

Kandi Technologies Group Stock Down 1.4 %

The firm’s 50-day moving average is $1.06 and its 200 day moving average is $1.42. The firm has a market capitalization of $92.09 million, a P/E ratio of -13.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26.

Hedge Funds Weigh In On Kandi Technologies Group

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Virtu Financial LLC bought a new stake in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 38,025 shares of the company’s stock, valued at approximately $78,000. Hedge funds and other institutional investors own 3.66% of the company’s stock.

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.