BidaskClub downgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a research report released on Wednesday.
Kandi Technologies Group (NASDAQ:KNDI) traded up $0.30 during trading hours on Wednesday, reaching $7.20. 623,700 shares of the company’s stock were exchanged, compared to its average volume of 356,899. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.23 and a quick ratio of 1.15. Kandi Technologies Group has a 1-year low of $3.50 and a 1-year high of $9.90.
A number of large investors have recently added to or reduced their stakes in KNDI. GSA Capital Partners LLP bought a new stake in Kandi Technologies Group during the 2nd quarter valued at about $609,000. Private Advisor Group LLC bought a new stake in Kandi Technologies Group during the 2nd quarter valued at about $100,000. Finally, State Street Corp increased its stake in Kandi Technologies Group by 17.3% during the 2nd quarter. State Street Corp now owns 39,990 shares of the company’s stock valued at $178,000 after purchasing an additional 5,886 shares in the last quarter. Institutional investors and hedge funds own 3.81% of the company’s stock.
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Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.
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