Henry Yu Purchases 11,668 Shares of Kandi Technologies Group Inc. (KNDI) Stock
Kandi Technologies Group Inc. (NASDAQ:KNDI) Director Henry Yu acquired 11,668 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $3.93 per share, with a total value of $45,855.24. Following the acquisition, the director now directly owns 56,668 shares of the company’s stock, valued at approximately $222,705.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Kandi Technologies Group Inc. (NASDAQ:KNDI) opened at 3.80 on Tuesday. The stock has a market cap of $181.26 million, a price-to-earnings ratio of 63.33 and a beta of 2.51. The company has a 50 day moving average of $4.91 and a 200-day moving average of $6.20. Kandi Technologies Group Inc. has a one year low of $3.40 and a one year high of $12.00.
Kandi Technologies Group (NASDAQ:KNDI) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $6.40 million for the quarter, compared to analyst estimates of $50.50 million. Kandi Technologies Group had a return on equity of 4.38% and a net margin of 1.82%.
Separately, TheStreet lowered shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Monday, November 14th.
Kandi Technologies Group Company Profile
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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