Kandi Technologies Group (NASDAQ:KNDI) Upgraded to “C-” by TheStreet

TheStreet upgraded shares of Kandi Technologies Group (NASDAQ:KNDI) from a d+ rating to a c- rating in a report published on Friday morning, TheStreetRatingsTable reports.

KNDI has been the subject of several other reports. BidaskClub upgraded shares of Kandi Technologies Group from a sell rating to a hold rating in a research note on Thursday, December 5th. ValuEngine downgraded shares of Kandi Technologies Group from a hold rating to a sell rating in a report on Tuesday.

Shares of KNDI stock opened at $5.00 on Friday. The stock has a 50 day moving average of $4.93 and a 200-day moving average of $4.97. The company has a current ratio of 1.62, a quick ratio of 1.35 and a debt-to-equity ratio of 0.13. Kandi Technologies Group has a 12 month low of $3.54 and a 12 month high of $9.23.

A number of institutional investors have recently bought and sold shares of KNDI. GSA Capital Partners LLP increased its position in shares of Kandi Technologies Group by 13.0% during the second quarter. GSA Capital Partners LLP now owns 116,800 shares of the company’s stock valued at $576,000 after purchasing an additional 13,461 shares during the period. Invesco Ltd. increased its holdings in Kandi Technologies Group by 56.5% in the 2nd quarter. Invesco Ltd. now owns 160,630 shares of the company’s stock valued at $792,000 after buying an additional 58,016 shares during the period. Morgan Stanley increased its holdings in Kandi Technologies Group by 23.6% in the 2nd quarter. Morgan Stanley now owns 188,711 shares of the company’s stock valued at $930,000 after buying an additional 36,074 shares during the period. State Street Corp increased its holdings in Kandi Technologies Group by 12.9% in the 3rd quarter. State Street Corp now owns 61,389 shares of the company’s stock valued at $286,000 after buying an additional 7,024 shares during the period. Finally, Virtu Financial LLC acquired a new position in shares of Kandi Technologies Group in the 3rd quarter valued at $104,000. 4.06% of the stock is owned by hedge funds and other 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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