Kandi Technologies Group (NASDAQ:KNDI) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s share price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $0.70 and traded as low as $0.5310. Kandi Technologies Group shares last traded at $0.5426, with a volume of 222,525 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kandi Technologies Group in a research report on Monday, August 3rd. One analyst has rated the stock with a Sell rating. According to MarketBeat, Kandi Technologies Group currently has a consensus rating of “Sell”.

Kandi Technologies Group Price Performance

The stock’s 50-day moving average is $0.63 and its two-hundred day moving average is $0.69.

Kandi Technologies Group’s stock is set to reverse split on Friday, October 16th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 15th.

Kandi Technologies Group (NASDAQ:KNDI) last issued its earnings results on Monday, September 28th. The company reported $0.05 EPS for the quarter. The company had revenue of $28.56 million during the quarter.

About Kandi Technologies Group

Kandi Technologies Group, Inc is a China-based manufacturer and developer of electric vehicles and powersports products. Through its subsidiaries, the company focuses on designing, producing and selling electric transportation products for consumer, recreational and utility applications.

Its product portfolio has included electric golf carts, neighborhood electric vehicles, all-terrain vehicles, utility vehicles, go-karts and related electric powersports products. The company also develops components and systems used in electric vehicles, including battery-related products and other supporting technologies.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi serves customers primarily in China and the United States, with products marketed for personal transportation, outdoor recreation and commercial or utility use.