Kandi Technologies Group (NASDAQ:KNDI) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.76 and traded as low as $0.5902. Kandi Technologies Group shares last traded at $0.6270, with a volume of 111,286 shares.

Analyst Ratings Changes

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

Kandi Technologies Group Trading Down 1.0%

The stock has a market capitalization of $62.32 million, a P/E ratio of -2.07 and a beta of 0.60. The company has a 50-day moving average price of $0.67 and a two-hundred day moving average price of $0.76.

Hedge Funds Weigh In On Kandi Technologies Group

Several institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new position in shares of Kandi Technologies Group during the 3rd quarter worth approximately $37,000. Quinn Opportunity Partners LLC acquired a new position in shares of Kandi Technologies Group during the 3rd quarter valued at $80,000. Renaissance Technologies LLC lifted its position in shares of Kandi Technologies Group by 9.6% during the 4th quarter. Renaissance Technologies LLC now owns 145,840 shares of the company’s stock valued at $115,000 after acquiring an additional 12,740 shares during the period. Finally, Citadel Advisors LLC boosted its stake in Kandi Technologies Group by 72.0% during the third quarter. Citadel Advisors LLC now owns 127,787 shares of the company’s stock worth $155,000 after acquiring an additional 53,496 shares in the last quarter. 3.66% of the stock is owned by institutional investors and hedge funds.

About Kandi Technologies Group

Kandi Technologies Group, Inc is a China-based manufacturer focused on the design, development and production of electric vehicles (EVs), batteries and charging infrastructure. The company offers a range of small, neighborhood electric vehicles (NEVs) under its own brand and supplies key components—including battery packs and electric drive systems—to automotive partners. In addition to vehicle manufacturing, Kandi is engaged in the development and operation of charging stations and battery-swap facilities intended to support EV adoption in urban environments.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi began its operations producing all-terrain vehicles (ATVs) and recreational off-road products.