Kandi Technologies Group (NASDAQ:KNDI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Kandi Technologies Group (NASDAQ:KNDI – Get Rating) in a research report report published on Saturday morning. The brokerage issued a hold rating on the stock.

Kandi Technologies Group Trading Up 2.2 %

Shares of KNDI stock traded up $0.05 on Friday, reaching $2.35. 357,216 shares of the company were exchanged, compared to its average volume of 152,081. The business has a 50-day moving average price of $2.52 and a 200 day moving average price of $2.50. The company has a quick ratio of 3.93, a current ratio of 4.54 and a debt-to-equity ratio of 0.01. Kandi Technologies Group has a 1 year low of $2.00 and a 1 year high of $3.75.

Institutional Trading of Kandi Technologies Group

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC boosted its holdings in shares of Kandi Technologies Group by 118.1% during the 4th quarter. Millennium Management LLC now owns 546,507 shares of the company’s stock worth $1,257,000 after purchasing an additional 295,896 shares during the last quarter. Ergoteles LLC purchased a new position in Kandi Technologies Group during the first quarter worth approximately $897,000. Walleye Capital LLC lifted its position in Kandi Technologies Group by 1,447.5% during the second quarter. Walleye Capital LLC now owns 203,850 shares of the company’s stock worth $489,000 after buying an additional 190,677 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in Kandi Technologies Group during the second quarter worth approximately $98,000. Finally, Virtu Financial LLC purchased a new position in Kandi Technologies Group during the fourth quarter worth approximately $75,000. Institutional investors and hedge funds own 6.98% of the company’s stock.

Kandi Technologies Group Company Profile

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Kandi Technologies Group, Inc is a holding company, which engages in the development, production, and distribution of electric vehicle products and parts. It offers off-road vehicles including ATVs, utility vehicles, go-karts, and electric scooters. The company was founded on March 31, 2004 and is headquartered in Jinhua, China.