Kandi Technologies Group (KNDI) Trading Up 7.2%

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Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) were up 7.2% during mid-day trading on Monday . The company traded as high as $5.50 and last traded at $5.35. Approximately 685,433 shares were traded during trading, an increase of 101% from the average daily volume of 341,408 shares. The stock had previously closed at $4.99.

Separately, BidaskClub raised Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st.

The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.87. The firm has a market cap of $256.85 million, a price-to-earnings ratio of 5.74 and a beta of 2.85.

Kandi Technologies Group (NASDAQ:KNDI) last announced its quarterly earnings data on Thursday, August 9th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $16.36 million during the quarter. Kandi Technologies Group had a return on equity of 16.97% and a net margin of 13.00%.

In other news, insider Xiaoming Hu acquired 9,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The stock was purchased at an average cost of $4.10 per share, with a total value of $36,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders purchased 137,961 shares of company stock valued at $568,433. 28.76% of the stock is owned by corporate insiders.

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC acquired a new stake in Kandi Technologies Group Inc (NASDAQ:KNDI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 33,325 shares of the company’s stock, valued at approximately $162,000. Private Advisor Group LLC owned about 0.06% of Kandi Technologies Group as of its most recent SEC filing. 3.44% of the stock is currently owned by institutional investors and hedge funds.

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About Kandi Technologies Group (NASDAQ:KNDI)

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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