Separately, BidaskClub upgraded shares of Kandi Technologies Group from a strong sell rating to a sell rating in a research report on Friday, September 21st.
Shares of Kandi Technologies Group stock opened at $4.71 on Friday. The company has a market cap of $250.27 million, a P/E ratio of 6.30 and a beta of 2.82. Kandi Technologies Group has a twelve month low of $3.60 and a twelve month high of $8.25. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.84 and a current ratio of 0.93.
In related news, insider Xiaoming Hu acquired 19,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were bought at an average price of $3.92 per share, for a total transaction of $74,480.00. Following the completion of the transaction, the insider now directly owns 1,355,077 shares in the company, valued at $5,311,901.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have purchased 65,000 shares of company stock worth $277,780. 27.40% of the stock is owned by insiders.
A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC acquired a new stake in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,325 shares of the company’s stock, valued at approximately $162,000. Private Advisor Group LLC owned 0.06% of Kandi Technologies Group as of its most recent SEC filing. 3.64% of the stock is currently owned by institutional investors and hedge funds.
About Kandi Technologies Group
Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.
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