Kandi Technologies Group (NASDAQ:KNDI) Shares Pass Below 200 Day Moving Average – Here’s Why

Posted by Caroline Horne on Apr 2nd, 2025

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.32 and traded as low as $1.31. Kandi Technologies Group shares last traded at $1.42, with a volume of 142,811 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 18th.

Check Out Our Latest Stock Report on KNDI

Kandi Technologies Group Trading Down 2.9 %

The company has a market capitalization of $114.48 million, a P/E ratio of -16.63 and a beta of 1.37. The business has a 50 day moving average price of $1.34 and a 200 day moving average price of $1.32. The company has a current ratio of 3.26, a quick ratio of 2.55 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On Kandi Technologies Group

Several large investors have recently modified their holdings of KNDI. Atria Wealth Solutions Inc. bought a new position in shares of Kandi Technologies Group during the 4th quarter valued at about $36,000. Virtu Financial LLC bought a new stake in Kandi Technologies Group during the 3rd quarter worth approximately $78,000. Renaissance Technologies LLC raised its holdings in Kandi Technologies Group by 48.8% during the 4th quarter. Renaissance Technologies LLC now owns 69,934 shares of the company’s stock worth $84,000 after buying an additional 22,934 shares during the period. Marshall Wace LLP bought a new position in Kandi Technologies Group in the fourth quarter valued at approximately $72,000. Finally, XTX Topco Ltd bought a new position in Kandi Technologies Group in the fourth quarter valued at approximately $91,000. 3.66% of the stock is currently owned by institutional investors.

Kandi Technologies Group Company Profile

(Get Free Report)

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.