Kandi Technologies Group (NASDAQ:KNDI) Stock Rating Upgraded by Wall Street Zen

Kandi Technologies Group (NASDAQ:KNDI) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Kandi Technologies Group Stock Down 0.9%

Shares of KNDI opened at $1.12 on Thursday. Kandi Technologies Group has a 12-month low of $0.89 and a 12-month high of $2.25. The business’s 50 day moving average is $1.25 and its 200 day moving average is $1.21. The company has a current ratio of 3.26, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $95.73 million, a PE ratio of -14.00 and a beta of 0.98.

Kandi Technologies Group (NASDAQ:KNDI) last issued its quarterly earnings data on Monday, April 28th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.26). The business had revenue of $41.00 million during the quarter, compared to analysts’ expectations of $41.00 million. Kandi Technologies Group had a negative return on equity of 1.53% and a negative net margin of 5.25%.

Hedge Funds Weigh In On Kandi Technologies Group

Large investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. acquired a new position in Kandi Technologies Group in the 4th quarter worth approximately $36,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Kandi Technologies Group by 83.8% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company’s stock valued at $41,000 after purchasing an additional 13,059 shares in the last quarter. Marshall Wace LLP purchased a new position in Kandi Technologies Group in the 4th quarter valued at about $72,000. Renaissance Technologies LLC boosted its stake in shares of Kandi Technologies Group by 48.8% in the fourth quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock worth $84,000 after acquiring an additional 22,934 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Kandi Technologies Group during the 4th quarter worth $91,000. 3.66% of the stock is owned by institutional investors and hedge funds.

About Kandi Technologies Group

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.