Kandi Technologies Group (KNDI) Rating Lowered to Sell at BidaskClub

Kandi Technologies Group (NASDAQ:KNDI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Shares of Kandi Technologies Group (KNDI) traded down $0.05 during mid-day trading on Friday, hitting $6.75. 450,332 shares of the stock traded hands, compared to its average volume of 445,683. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.14. Kandi Technologies Group has a fifty-two week low of $3.50 and a fifty-two week high of $9.90.

Kandi Technologies Group (NASDAQ:KNDI) last announced its earnings results on Thursday, November 9th. The company reported $0.06 earnings per share for the quarter. Kandi Technologies Group had a negative net margin of 55.20% and a negative return on equity of 22.45%.

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC purchased a new position in shares of Kandi Technologies Group in the second quarter valued at $100,000. State Street Corp boosted its stake 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. Finally, GSA Capital Partners LLP purchased a new position in shares of Kandi Technologies Group in the second quarter valued at $609,000. Institutional investors and hedge funds own 3.81% of the company’s stock.

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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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