Kandi Technologies Group (NASDAQ:KNDI) Downgraded by ValuEngine to “Sell”

Kandi Technologies Group (NASDAQ:KNDI) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Tuesday, ValuEngine reports.

Separately, BidaskClub upgraded Kandi Technologies Group from a “sell” rating to a “hold” rating in a research note on Thursday, December 5th.

Shares of Kandi Technologies Group stock opened at $5.00 on Tuesday. The business has a 50-day moving average of $4.93 and a 200-day moving average of $4.97. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.35 and a current ratio of 1.62. Kandi Technologies Group has a 1-year low of $3.54 and a 1-year high of $9.23.

Several large investors have recently modified their holdings of KNDI. Virtu Financial LLC acquired a new stake in Kandi Technologies Group in the third quarter valued at $104,000. State Street Corp grew its holdings in Kandi Technologies Group by 12.9% during the 3rd quarter. State Street Corp now owns 61,389 shares of the company’s stock worth $286,000 after acquiring an additional 7,024 shares in the last quarter. Morgan Stanley increased its position in shares of Kandi Technologies Group by 23.6% in the 2nd quarter. Morgan Stanley now owns 188,711 shares of the company’s stock worth $930,000 after purchasing an additional 36,074 shares during the last quarter. Invesco Ltd. increased its position in shares of Kandi Technologies Group by 56.5% in the 2nd quarter. Invesco Ltd. now owns 160,630 shares of the company’s stock worth $792,000 after purchasing an additional 58,016 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Kandi Technologies Group by 13.0% in the 2nd quarter. GSA Capital Partners LLP now owns 116,800 shares of the company’s stock worth $576,000 after purchasing an additional 13,461 shares during the last quarter. Institutional investors and hedge funds own 4.06% of the company’s stock.

About Kandi Technologies Group

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and 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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