Impact Partnership Wealth LLC Purchases Shares of 26,000 Kandi Technologies Group, Inc. (NASDAQ:KNDI)

Impact Partnership Wealth LLC purchased a new stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,000 shares of the company’s stock, valued at approximately $57,000.

Separately, Empowered Funds LLC boosted its holdings in Kandi Technologies Group by 8.0% in the 1st quarter. Empowered Funds LLC now owns 82,449 shares of the company’s stock valued at $175,000 after purchasing an additional 6,125 shares during the period. 3.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Monday, August 19th.

Kandi Technologies Group Price Performance

NASDAQ:KNDI opened at $1.66 on Friday. The company has a 50-day moving average of $1.87 and a 200-day moving average of $2.12. The company has a market capitalization of $145.01 million, a price-to-earnings ratio of 55.33 and a beta of 1.34. Kandi Technologies Group, Inc. has a 52 week low of $1.66 and a 52 week high of $3.67. 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 (NASDAQ:KNDI) last released its quarterly earnings data on Friday, August 16th. The company reported $0.02 EPS for the quarter. The company had revenue of $39.15 million during the quarter. Kandi Technologies Group had a negative net margin of 0.98% and a negative return on equity of 0.31%.

Kandi Technologies Group 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.