Kandi Technologies Group Inc. (KNDI) Insider Cheng(Henry) Wang Purchases 2,750 Shares of Stock
Kandi Technologies Group Inc. (NASDAQ:KNDI) insider Cheng(Henry) Wang acquired 2,750 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was acquired at an average cost of $3.95 per share, with a total value of $10,862.50. Following the completion of the purchase, the insider now owns 6,860 shares of the company’s stock, valued at $27,097. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Cheng(Henry) Wang also recently made the following trade(s):
- On Friday, September 9th, Cheng(Henry) Wang acquired 360 shares of Kandi Technologies Group stock. The stock was acquired at an average cost of $5.71 per share, with a total value of $2,055.60.
Kandi Technologies Group Inc. (NASDAQ:KNDI) traded up 5.48% during mid-day trading on Monday, reaching $3.85. 95,778 shares of the company were exchanged. The stock’s 50-day moving average price is $5.00 and its 200-day moving average price is $6.25. Kandi Technologies Group Inc. has a 1-year low of $3.40 and a 1-year high of $12.00. The stock has a market capitalization of $183.64 million, a price-to-earnings ratio of 64.17 and a beta of 2.51.
Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Wednesday, November 9th. The company reported ($0.01) EPS for the quarter. Kandi Technologies Group had a return on equity of 4.38% and a net margin of 1.82%. The company had revenue of $6.40 million for the quarter, compared to analysts’ expectations of $50.50 million.
Separately, TheStreet lowered shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Monday, November 14th.
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.
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