Kandi Technologies Group (NASDAQ:KNDI) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.19 and traded as low as $0.9332. Kandi Technologies Group shares last traded at $0.97, with a volume of 94,285 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Kandi Technologies Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Kandi Technologies Group Price Performance

The firm has a market cap of $82.92 million, a PE ratio of -1.67 and a beta of 0.36. The business’s fifty day moving average is $1.10 and its 200-day moving average is $1.19.

Hedge Funds Weigh In On Kandi Technologies Group

Several institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC bought a new position in Kandi Technologies Group during the third quarter valued at $37,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Kandi Technologies Group by 83.8% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 28,640 shares of the company’s stock valued at $41,000 after buying an additional 13,059 shares during the last quarter. Quinn Opportunity Partners LLC bought a new position in shares of Kandi Technologies Group during the 3rd quarter worth $80,000. Finally, Citadel Advisors LLC grew its stake in shares of Kandi Technologies Group by 72.0% during the 3rd quarter. Citadel Advisors LLC now owns 127,787 shares of the company’s stock worth $155,000 after acquiring an additional 53,496 shares during the period. Hedge funds and other institutional investors own 3.66% of the company’s stock.

About Kandi Technologies Group

Kandi Technologies Group, Inc engages in designing, developing, manufacturing, and commercializing electric vehicle (EV) products and parts in the People's Republic of China and the United States. It offers also off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and battery packs and smart battery swap system.