Kandi Technologies Group (NASDAQ:KNDI) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.40 and traded as low as $1.15. Kandi Technologies Group shares last traded at $1.21, with a volume of 97,895 shares trading hands.

Kandi Technologies Group Stock Up 3.4 %

The firm’s 50 day moving average price is $1.07 and its two-hundred day moving average price is $1.39. The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNDI. Virtu Financial LLC purchased a new position in shares of Kandi Technologies Group in the third quarter valued at $78,000. Atria Wealth Solutions Inc. bought a new position in Kandi Technologies Group during the 4th quarter valued at $36,000. Renaissance Technologies LLC boosted its stake in Kandi Technologies Group by 48.8% during the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock valued at $84,000 after acquiring an additional 22,934 shares during the last quarter. XTX Topco Ltd bought a new position in Kandi Technologies Group during the 4th quarter valued at $91,000. Finally, Marshall Wace LLP bought a new position in Kandi Technologies Group during the 4th quarter valued at $72,000. 3.66% of the stock is currently owned by hedge funds and other institutional investors.

Kandi Technologies Group Company Profile

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.