Kandi Technologies Group (NASDAQ:KNDI) Downgraded by StockNews.com to Sell

Kandi Technologies Group (NASDAQ:KNDI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Kandi Technologies Group Stock Performance

Shares of Kandi Technologies Group stock remained flat at $1.50 during midday trading on Tuesday. 199,703 shares of the stock were exchanged, compared to its average volume of 159,404. The stock has a market capitalization of $129.11 million, a P/E ratio of -18.75 and a beta of 1.37. The firm has a 50 day moving average of $1.27 and a 200 day moving average of $1.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.55 and a current ratio of 3.26. Kandi Technologies Group has a fifty-two week low of $0.89 and a fifty-two week high of $2.98.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its holdings in Kandi Technologies Group by 48.8% in the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock worth $84,000 after acquiring an additional 22,934 shares during the period. Atria Wealth Solutions Inc. acquired a new stake in Kandi Technologies Group in the 4th quarter worth $36,000. Virtu Financial LLC acquired a new stake in Kandi Technologies Group in the 3rd quarter worth $78,000. Marshall Wace LLP acquired a new position in Kandi Technologies Group in the fourth quarter valued at about $72,000. Finally, XTX Topco Ltd acquired a new position in Kandi Technologies Group in the fourth quarter valued at about $91,000. Institutional investors own 3.66% of the company’s stock.

Kandi Technologies Group Company Profile

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.