The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) is a huge mover today! About 131,873 shares traded hands. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 36.70% since April 4, 2016 and is downtrending. It has underperformed by 37.79% the S&P500.
The move comes after 8 months positive chart setup for the $222.95M company. It was reported on Nov, 4 by Barchart.com. We have $11.56 PT which if reached, will make NASDAQ:KNDI worth $327.74M more.
Analysts await Kandi Technologies Group Inc (NASDAQ:KNDI) to report earnings on November, 14.
According to Zacks Investment Research, “KANDI TECHNOLOGIES, CORP. is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: go-karts, special purpose vehicles and casual purpose vehicles. At present, it is among the leading producers of go-karts in the world, with an estimated 15% share of China’s global export market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country’s rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular, mini-size pesticide spraying vehicles and mini-service vehicles. Additionally, the Company produces a wide and growing range of All Terrain Vehicles which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC.”
Insitutional Activity: The institutional sentiment decreased to 0.74 in Q2 2016. Its down 0.50, from 1.24 in 2016Q1. The ratio dropped, as 7 funds sold all Kandi Technologies Group Inc shares owned while 12 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 1.51 million shares or 6.01% less from 1.60 million shares in 2016Q1.
Benjamin F Edwards & Inc, a Missouri-based fund reported 400 shares. The Massachusetts-based Geode Mgmt Limited Liability Company has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). Parallax Volatility Advisers Limited Partnership owns 3 shares or 0% of their US portfolio. Wealthtrust holds 575 shares or 0% of its portfolio. Citigroup has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Barclays Public Ltd has 0% invested in the company for 14,040 shares. Kcg, a New Jersey-based fund reported 19,755 shares. Us Comml Bank De last reported 0% of its portfolio in the stock. The California-based California Pub Employees Retirement Sys has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). State Street owns 10,965 shares or 0% of their US portfolio. Citadel Advisors Ltd Liability Co has 26,062 shares for 0% of their US portfolio. Morgan Stanley accumulated 87,360 shares or 0% of the stock. Tradewinds Mngmt has 400 shares for 0% of their US portfolio. Creative Planning, a Kansas-based fund reported 10,002 shares. Susquehanna Grp Incorporated Ltd Liability Partnership holds 637,593 shares or 0% of its portfolio.
Insider Transactions: Since September 9, 2016, the stock had 1 buy, and 0 sales for $2,056 net activity. $2,056 worth of Kandi Technologies Group Inc (NASDAQ:KNDI) was bought by Wang Cheng(Henry).
More notable recent Kandi Technologies Group Inc (NASDAQ:KNDI) news were published by: Fool.com which released: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” on August 18, 2016, also Fool.com with their article: “Kandi Technologies Group, Inc. Earnings Plummet 99% on Tax Exemption Issues” published on May 17, 2016, Fool.com published: “Kandi Technologies Group, Inc. Earnings Soar as China’s EV Market Ramps Up” on March 16, 2016. More interesting news about Kandi Technologies Group Inc (NASDAQ:KNDI) were released by: Fool.com and their article: “Kandi Technologies Group, Inc. Stock Moves Higher” published on February 16, 2016 as well as Fool.com‘s news article titled: “Why Kandi Technologies Group Inc. Popped Monday” with publication date: October 19, 2015.
KNDI Company Profile
Kandi Technologies Group, Inc. (Kandi), incorporated on March 31, 2004, is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business are the design, development, manufacturing and commercialization of electric vehicles, electric vehicle parts and off-road vehicles, which are distributed in China and global markets. The Company’s products include EV parts, EV products and off-road vehicles, including all-terrain vehicles (ATVs), utility vehicles (UTVs), go-karts and others. The Firm conducts its business through its subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles), and the partial subsidiaries of Kandi Vehicles. The Firm focuses on fuel efficient, pure EV parts manufacturing. The Company’s subsidiary, Jinhua Kandi New Energy Vehicles Co., Ltd. (Kandi New Energy), holds battery packing production rights (license), and supplies the battery pack to the joint venture (JV) Company. It also holds the special-purpose vehicle production rights (license) on manufacturing Kandi brand electric utility vehicles.
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