Kandi Technologies Group (NASDAQ:KNDI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.80 and traded as low as $0.62. Kandi Technologies Group shares last traded at $0.6287, with a volume of 61,697 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Kandi Technologies Group in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Kandi Technologies Group Stock Down 0.4%

The business has a fifty day simple moving average of $0.67 and a 200-day simple moving average of $0.79. The firm has a market cap of $62.03 million, a P/E ratio of -2.06 and a beta of 0.61.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in Kandi Technologies Group by 9.6% during the fourth quarter. Renaissance Technologies LLC now owns 145,840 shares of the company’s stock worth $115,000 after acquiring an additional 12,740 shares in the last quarter. Citadel Advisors LLC increased its stake in shares of Kandi Technologies Group by 72.0% during the third quarter. Citadel Advisors LLC now owns 127,787 shares of the company’s stock valued at $155,000 after purchasing an additional 53,496 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of Kandi Technologies Group during the third quarter valued at approximately $37,000. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Kandi Technologies Group during the third quarter valued at approximately $80,000. 3.66% of the stock is owned by hedge funds and other institutional investors.

About Kandi Technologies Group

Kandi Technologies Group, Inc is a China-based manufacturer focused on the design, development and production of electric vehicles (EVs), batteries and charging infrastructure. The company offers a range of small, neighborhood electric vehicles (NEVs) under its own brand and supplies key components—including battery packs and electric drive systems—to automotive partners. In addition to vehicle manufacturing, Kandi is engaged in the development and operation of charging stations and battery-swap facilities intended to support EV adoption in urban environments.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi began its operations producing all-terrain vehicles (ATVs) and recreational off-road products.