TheStreet lowered shares of Kandi Technologies Group (NASDAQ:KNDI) from a c rating to a d rating in a report published on Thursday morning, TheStreetRatingsTable reports.
Separately, BidaskClub raised Kandi Technologies Group from a strong sell rating to a sell rating in a research report on Friday, May 17th.
Shares of Kandi Technologies Group stock opened at $4.98 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.05. Kandi Technologies Group has a 12 month low of $3.54 and a 12 month high of $9.23.
In related news, CEO Xiaoming Hu acquired 122,032 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of $4.75 per share, with a total value of $579,652.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 27.40% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Gladstone Institutional Advisory LLC bought a new stake in Kandi Technologies Group during the first quarter valued at about $82,000. BSW Wealth Partners bought a new stake in Kandi Technologies Group during the first quarter valued at about $122,000. First Allied Advisory Services Inc. bought a new stake in Kandi Technologies Group during the fourth quarter valued at about $91,000. Virtu Financial LLC bought a new stake in Kandi Technologies Group during the first quarter valued at about $178,000. Finally, GSA Capital Partners LLP bought a new stake in Kandi Technologies Group during the fourth quarter valued at about $143,000. 4.56% of the stock is currently owned by institutional investors.
Kandi Technologies Group Company Profile
Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.
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