Kandi Technologies Group Inc (NASDAQ:KNDI) was the target of some unusual options trading activity on Monday. Stock traders bought 5,259 put options on the stock. This is an increase of 1,720% compared to the average daily volume of 289 put options.

Separately, BidaskClub lowered shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th.

Kandi Technologies Group (NASDAQ:KNDI) traded up $0.45 during mid-day trading on Wednesday, hitting $5.60. 363,949 shares of the company’s stock traded hands, compared to its average volume of 474,766. The stock has a market capitalization of $246.19, a price-to-earnings ratio of -6.29 and a beta of 2.76. Kandi Technologies Group has a 1-year low of $3.50 and a 1-year high of $9.90. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.14.

Several hedge funds have recently added to or reduced their stakes in KNDI. B. Riley Financial Inc. acquired a new position in shares of Kandi Technologies Group during the fourth quarter valued at about $136,000. State Street Corp increased its holdings in shares of Kandi Technologies Group by 17.3% during the second quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after acquiring an additional 5,886 shares in the last quarter. Finally, Quantitative Investment Management LLC acquired a new position in shares of Kandi Technologies Group during the fourth quarter valued at about $263,000. 4.02% of the stock is owned by institutional investors and hedge funds.

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Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.

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