Kandi Technologies Group (NASDAQ:KNDI) Upgraded at StockNews.com

StockNews.com upgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a sell rating to a hold rating in a research report released on Monday morning.

Kandi Technologies Group Price Performance

Kandi Technologies Group stock opened at $1.73 on Monday. The stock has a fifty day moving average of $1.90 and a 200-day moving average of $2.18. The stock has a market capitalization of $151.13 million, a P/E ratio of 57.67 and a beta of 1.35. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.68 and a current ratio of 4.48. Kandi Technologies Group has a 52 week low of $1.66 and a 52 week high of $3.67.

Kandi Technologies Group (NASDAQ:KNDI) last issued its earnings results on Friday, August 16th. The company reported $0.02 EPS for the quarter. The business had revenue of $39.15 million for the quarter.

Institutional Trading of Kandi Technologies Group

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Impact Partnership Wealth LLC acquired a new stake in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 26,000 shares of the company’s stock, valued at approximately $57,000. 3.66% of the stock is currently owned by institutional investors.

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.