Kandi Technologies Group (NASDAQ:KNDI) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.22 and traded as low as $1.10. Kandi Technologies Group shares last traded at $1.10, with a volume of 118,194 shares traded.

Analyst Ratings Changes

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

Kandi Technologies Group Price Performance

The stock’s 50 day moving average is $1.27 and its two-hundred day moving average is $1.22. The firm has a market capitalization of $94.02 million, a P/E ratio of -1.90 and a beta of 0.78.

Institutional Trading of Kandi Technologies Group

A hedge fund recently raised its stake in Kandi Technologies Group stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 83.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,640 shares of the company’s stock after purchasing an additional 13,059 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kandi Technologies Group were worth $41,000 as of its most recent SEC filing. 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.