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

Kandi Technologies Group, Inc. (NASDAQ:KNDI)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.07 and traded as low as $0.92. Kandi Technologies Group shares last traded at $0.9564, with a volume of 119,561 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kandi Technologies Group in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Kandi Technologies Group Stock Down 3.6%

The company’s 50-day moving average is $1.00 and its two-hundred day moving average is $1.07. The company has a market cap of $81.75 million, a P/E ratio of -1.65 and a beta of 0.55.

Hedge Funds Weigh In On Kandi Technologies Group

Several institutional investors have recently bought and sold shares of the company. Squarepoint Ops LLC purchased a new stake in Kandi Technologies Group in the third quarter worth $37,000. Quinn Opportunity Partners LLC bought a new position in shares of Kandi Technologies Group during the 3rd quarter worth $80,000. Renaissance Technologies LLC increased its holdings in Kandi Technologies Group by 9.6% in the 4th quarter. Renaissance Technologies LLC now owns 145,840 shares of the company’s stock worth $115,000 after acquiring an additional 12,740 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in Kandi Technologies Group by 72.0% in the 3rd quarter. Citadel Advisors LLC now owns 127,787 shares of the company’s stock valued at $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 is a China-based manufacturer focused on the design, development and production of electric vehicles (EVs), batteries and charging infrastructure. The company offers a range of small, neighborhood electric vehicles (NEVs) under its own brand and supplies key components—including battery packs and electric drive systems—to automotive partners. In addition to vehicle manufacturing, Kandi is engaged in the development and operation of charging stations and battery-swap facilities intended to support EV adoption in urban environments.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi began its operations producing all-terrain vehicles (ATVs) and recreational off-road products.