Kandi Technologies Group Inc. (NASDAQ:KNDI) was downgraded by investment analysts at TheStreet from a “hold” rating to a “sell” rating in a research report issued on Monday.

Kandi Technologies Group (NASDAQ:KNDI) opened at 3.75 on Monday. Kandi Technologies Group has a 12-month low of $3.40 and a 12-month high of $12.00. The stock has a market cap of $178.83 million, a PE ratio of 30.99 and a beta of 2.51. The firm’s 50-day moving average price is $5.11 and its 200 day moving average price is $6.29.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $50.50 million. Kandi Technologies Group had a net margin of 1.82% and a return on equity of 4.38%.

About Kandi Technologies Group

Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets.

5 Day Chart for NASDAQ:KNDI

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