Kandi Technologies Group (NASDAQ:KNDI) Upgraded at StockNews.com

StockNews.com upgraded shares of Kandi Technologies Group (NASDAQ:KNDI) to a sell rating in a report issued on Friday.

Kandi Technologies Group Trading Down 0.3 %

NASDAQ:KNDI opened at $1.91 on Friday. The company has a current ratio of 4.48, a quick ratio of 3.68 and a debt-to-equity ratio of 0.02. Kandi Technologies Group has a 1-year low of $1.76 and a 1-year high of $3.74. The firm has a market capitalization of $166.86 million, a price-to-earnings ratio of 63.69 and a beta of 1.35. The business’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kandi Technologies Group stock. Empowered Funds LLC lifted its position in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 8.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,449 shares of the company’s stock after purchasing an additional 6,125 shares during the quarter. Empowered Funds LLC owned 0.09% of Kandi Technologies Group worth $175,000 at the end of the most recent reporting period. 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.