Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.73 and traded as low as $2.32. Kandi Technologies Group shares last traded at $2.50, with a volume of 170,481 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Monday, March 18th.
Check Out Our Latest Report on KNDI
Kandi Technologies Group Stock Up 6.1 %
Kandi Technologies Group (NASDAQ:KNDI – Get Free Report) last posted its earnings results on Thursday, March 14th. The company reported ($0.06) EPS for the quarter.
Institutional Investors Weigh In On Kandi Technologies Group
Several large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Kandi Technologies Group by 102.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 229,206 shares of the company’s stock worth $793,000 after purchasing an additional 116,184 shares during the last quarter. Plan Group Financial LLC purchased a new stake in shares of Kandi Technologies Group during the 3rd quarter worth approximately $42,000. Finally, Whittier Trust Co. purchased a new stake in shares of Kandi Technologies Group during the 4th quarter worth approximately $28,000. Hedge funds and other 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.
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