Kandi Technologies Group (NASDAQ:KNDI) Rating Increased to Hold at Wall Street Zen

Kandi Technologies Group (NASDAQ:KNDI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Kandi Technologies Group Price Performance

Shares of NASDAQ KNDI opened at $1.12 on Thursday. The stock’s 50-day moving average is $1.25 and its two-hundred day moving average is $1.21. The company has a market cap of $95.73 million, a price-to-earnings ratio of -14.00 and a beta of 0.98. Kandi Technologies Group has a 1-year low of $0.89 and a 1-year high of $2.25. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.26 and a quick ratio of 2.55.

Kandi Technologies Group (NASDAQ:KNDI) last posted its earnings results on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%. The firm had revenue of $41.00 million for the quarter, compared to analyst estimates of $41.00 million.

Institutional Investors Weigh In On Kandi Technologies Group

A number of hedge funds and other institutional investors have recently modified their holdings of KNDI. Atria Wealth Solutions Inc. acquired a new position in shares of Kandi Technologies Group in the 4th quarter valued at $36,000. Marshall Wace LLP purchased a new stake in shares of Kandi Technologies Group during the 4th quarter valued at about $72,000. XTX Topco Ltd acquired a new position in shares of Kandi Technologies Group during the fourth quarter worth $91,000. Renaissance Technologies LLC lifted 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 buying an additional 22,934 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Kandi Technologies Group by 83.8% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company’s stock valued at $41,000 after purchasing an additional 13,059 shares during the last quarter. 3.66% of the stock is currently owned by hedge funds and other 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.