Kandi Technologies Group (KNDI) Issues Quarterly Earnings Results

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Kandi Technologies Group (NASDAQ:KNDI) issued its quarterly earnings data on Friday. The company reported ($0.10) EPS for the quarter, Morningstar.com reports. Kandi Technologies Group had a return on equity of 16.97% and a net margin of 13.00%. The company had revenue of $38.00 million during the quarter.

Shares of NASDAQ:KNDI traded down $0.55 during midday trading on Friday, reaching $4.71. The company’s stock had a trading volume of 677,434 shares, compared to its average volume of 448,328. The company has a market capitalization of $264.05 million, a PE ratio of 5.90 and a beta of 2.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.87. Kandi Technologies Group has a 12-month low of $3.60 and a 12-month high of $8.40.

Separately, BidaskClub raised shares of Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Friday, September 21st.

In other Kandi Technologies Group news, insider Xiaoming Hu bought 32,000 shares of Kandi Technologies Group stock in a transaction dated Monday, September 17th. The shares were purchased at an average cost of $4.52 per share, with a total value of $144,640.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 100,500 shares of company stock worth $421,960 over the last ninety days. Insiders own 28.76% of the company’s stock.

A hedge fund recently bought a new stake in Kandi Technologies Group stock. Private Advisor Group LLC acquired a new stake in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 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 filing with the SEC. Institutional investors own 3.44% of the company’s stock.

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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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Earnings History for Kandi Technologies Group (NASDAQ:KNDI)

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