Kandi Technologies Group (NASDAQ:KNDI) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.69 and traded as low as $0.97. Kandi Technologies Group shares last traded at $1.01, with a volume of 169,625 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Kandi Technologies Group from a “sell” rating to a “hold” rating in a report on Monday, August 19th.

Kandi Technologies Group Price Performance

The stock has a market capitalization of $86.07 million, a price-to-earnings ratio of -12.50 and a beta of 1.38. The company has a 50 day moving average of $1.33 and a 200 day moving average of $1.68. The company has a quick ratio of 2.55, a current ratio of 3.26 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On Kandi Technologies Group

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Virtu Financial LLC purchased a new stake in shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 38,025 shares of the company’s stock, valued at approximately $78,000. Institutional investors own 3.66% of the company’s stock.

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.