Kandi Technologies Group Sees Unusually Large Options Volume (KNDI)
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.
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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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