KNDI Stock: Kandi Technologies Group Cut to “Sell” at BidaskClub

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BidaskClub downgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a hold rating to a sell rating in a report issued on Wednesday, December 20th.

Shares of Kandi Technologies Group (KNDI) opened at $7.00 on Wednesday. The stock has a market capitalization of $336.26, a P/E ratio of -7.87 and a beta of 2.82. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.14. Kandi Technologies Group has a twelve month low of $3.50 and a twelve month high of $9.90.

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Kandi Technologies Group in the second quarter valued at about $100,000. GSA Capital Partners LLP acquired a new position in shares of Kandi Technologies Group in the second quarter valued at about $609,000. Finally, State Street Corp increased its holdings in shares of Kandi Technologies Group by 17.3% in the second 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 during the period. 3.81% of the stock is currently owned by institutional investors and hedge funds.

Kandi Technologies Group Company Profile

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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