Kandi Technologies Group Inc. (KNDI) Insider Xiaoming Hu Purchases 126,720 Shares
Kandi Technologies Group Inc. (NASDAQ:KNDI) insider Xiaoming Hu purchased 126,720 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was bought at an average price of $4.23 per share, with a total value of $536,025.60. Following the acquisition, the insider now owns 1,138,077 shares in the company, valued at $4,814,065.71. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Kandi Technologies Group Inc. (NASDAQ:KNDI) traded up 7.61% during trading on Monday, hitting $4.95. The company’s stock had a trading volume of 190,886 shares. The firm’s 50 day moving average is $4.74 and its 200-day moving average is $6.15. The company has a market capitalization of $236.11 million, a P/E ratio of 82.50 and a beta of 2.51. Kandi Technologies Group Inc. has a 1-year low of $3.40 and a 1-year high of $12.00.
Kandi Technologies Group (NASDAQ:KNDI) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business earned $6.40 million during the quarter, compared to analysts’ expectations of $50.50 million. Kandi Technologies Group had a return on equity of 4.38% and a net margin of 1.82%.
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Separately, TheStreet cut 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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