Kandi Technologies Group (NASDAQ:KNDI) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $6.78 and traded as low as $3.56. Kandi Technologies Group shares last traded at $3.57, with a volume of 19,345 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kandi Technologies Group in a research report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Kandi Technologies Group Trading Up 3.0%

The firm has a 50-day simple moving average of $5.98 and a 200-day simple moving average of $6.74. The firm has a market cap of $35.12 million, a P/E ratio of -1.14 and a beta of 0.54.

Kandi Technologies Group (NASDAQ:KNDI) last released its quarterly earnings results on Monday, September 28th. The company reported $0.50 EPS for the quarter. The firm had revenue of $28.56 million for the quarter.

About Kandi Technologies Group

Kandi Technologies Group, Inc is a China-based manufacturer and developer of electric vehicles and powersports products. Through its subsidiaries, the company focuses on designing, producing and selling electric transportation products for consumer, recreational and utility applications.

Its product portfolio has included electric golf carts, neighborhood electric vehicles, all-terrain vehicles, utility vehicles, go-karts and related electric powersports products. The company also develops components and systems used in electric vehicles, including battery-related products and other supporting technologies.

Founded in 2002 and headquartered in Jinhua, Zhejiang Province, Kandi serves customers primarily in China and the United States, with products marketed for personal transportation, outdoor recreation and commercial or utility use.