Kandi Technologies Group (NASDAQ:KNDI) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.22 and traded as low as $1.10. Kandi Technologies Group shares last traded at $1.10, with a volume of 118,194 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kandi Technologies Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kandi Technologies Group has a consensus rating of “Sell”.

Kandi Technologies Group Price Performance

The stock has a market cap of $93.17 million, a price-to-earnings ratio of -1.88 and a beta of 0.78. The business has a fifty day moving average of $1.27 and a 200 day moving average of $1.23.

Hedge Funds Weigh In On Kandi Technologies Group

An institutional investor recently raised its position in Kandi Technologies Group stock. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 83.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,640 shares of the company’s stock after purchasing an additional 13,059 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kandi Technologies Group were worth $41,000 at the end of the most recent quarter. 3.66% of the stock is currently owned by institutional investors.

Kandi Technologies Group Company Profile

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.