Kandi Technologies Group (NASDAQ:KNDI) posted its quarterly earnings results on Friday. The company reported ($0.10) EPS for the quarter, Morningstar.com reports. Kandi Technologies Group had a net margin of 13.00% and a return on equity of 16.97%. The firm had revenue of $38.00 million for the quarter.
NASDAQ:KNDI traded down $0.55 during midday trading on Friday, reaching $4.71. 677,434 shares of the stock traded hands, compared to its average volume of 448,328. Kandi Technologies Group has a 12 month low of $3.60 and a 12 month high of $8.40. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $264.05 million, a P/E ratio of 5.90 and a beta of 2.85.
Separately, BidaskClub upgraded shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st.
A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC purchased a new stake in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 33,325 shares of the company’s stock, valued at approximately $162,000. Private Advisor Group LLC owned about 0.06% of Kandi Technologies Group as of its most recent SEC filing. 3.44% of the stock is owned by hedge funds and other institutional investors.
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About Kandi Technologies Group
Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.
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