Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.54 and traded as low as $0.99. Kandi Technologies Group shares last traded at $1.00, with a volume of 144,729 shares changing hands.
Kandi Technologies Group Stock Performance
The stock has a market capitalization of $91.24 million, a price-to-earnings ratio of -13.25 and a beta of 1.37. The company has a current ratio of 3.26, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average of $1.10 and a 200-day moving average of $1.52.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Kandi Technologies Group stock. Virtu Financial LLC bought a new position in Kandi Technologies Group, Inc. (NASDAQ:KNDI – Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 38,025 shares of the company’s stock, valued at approximately $78,000. 3.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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