Xiaoming Hu Purchases 137,000 Shares of Kandi Technologies Group Inc (NASDAQ:KNDI) Stock

Kandi Technologies Group Inc (NASDAQ:KNDI) CEO Xiaoming Hu purchased 137,000 shares of Kandi Technologies Group stock in a transaction on Wednesday, March 27th. The stock was bought at an average price of $5.52 per share, for a total transaction of $756,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ KNDI traded up $0.07 on Friday, reaching $5.43. The company had a trading volume of 340,838 shares, compared to its average volume of 853,934. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. Kandi Technologies Group Inc has a 12 month low of $3.54 and a 12 month high of $9.23.

Kandi Technologies Group (NASDAQ:KNDI) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.11) EPS for the quarter. Kandi Technologies Group had a negative return on equity of 4.51% and a negative net margin of 5.06%. The business had revenue of $49.75 million during the quarter.

Several large investors have recently modified their holdings of KNDI. Private Advisor Group LLC purchased a new position in shares of Kandi Technologies Group in the 3rd quarter worth $162,000. OZ Management LP grew its stake in shares of Kandi Technologies Group by 809.8% in the 3rd quarter. OZ Management LP now owns 43,300 shares of the company’s stock worth $210,000 after buying an additional 49,400 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of Kandi Technologies Group by 21.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 50,703 shares of the company’s stock worth $184,000 after buying an additional 9,000 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Kandi Technologies Group in the 4th quarter worth $143,000. Finally, First Allied Advisory Services Inc. purchased a new position in shares of Kandi Technologies Group in the 4th quarter worth $91,000. 3.82% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on the stock. BidaskClub downgraded shares of Kandi Technologies Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. TheStreet upgraded shares of Kandi Technologies Group from a “d+” rating to a “c” rating in a report on Thursday, February 21st.

TRADEMARK VIOLATION WARNING: This news story was first posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of international copyright & trademark law. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/21/xiaoming-hu-buys-137000-shares-of-kandi-technologies-group-inc-kndi-stock.html.

Kandi Technologies Group Company Profile

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.

Featured Article: What is a Futures Contract?

Insider Buying and Selling by Quarter for Kandi Technologies Group (NASDAQ:KNDI)

Receive News & Ratings for Kandi Technologies Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kandi Technologies Group and related companies with MarketBeat.com's FREE daily email newsletter.