Today’s Price Action: Kandi Technologies Group Inc Stock Is Crashing Now

Today's Price Action: Kandi Technologies Group Inc Stock Is Crashing Now

The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) is a huge mover today! The stock decreased 6.32% or $0.3 on November 8, hitting $4.45. About 289,739 shares traded hands or 4.43% up from the average. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 32.24% since April 6, 2016 and is downtrending. It has underperformed by 34.20% the S&P500.
The move comes after 8 months negative chart setup for the $219.19M company. It was reported on Nov, 8 by Barchart.com. We have $4.01 PT which if reached, will make NASDAQ:KNDI worth $21.92M less.

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 2016 Q2. Its down 0.50, from 1.24 in 2016Q1. The ratio fall, 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.
Us Financial Bank De owns 53 shares or 0% of their US portfolio. Next Fincl Grp holds 300 shares or 0% of its portfolio. Citadel Advisors Lc has 26,062 shares for 0% of their US portfolio. Susquehanna Grp Limited Liability Partnership holds 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI) for 637,593 shares. Shelton Cap Management last reported 0.05% of its portfolio in the stock. Parallax Volatility Advisers Ltd Partnership reported 3 shares or 0% of all its holdings. Kcg Hldg last reported 0% of its portfolio in the stock. Wfg Advisors Limited Partnership has invested 0.07% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Sphinx Trading L P reported 2,500 shares or 0.04% of all its holdings. Barclays Public Llc has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Da Davidson & Company holds 0% or 500 shares in its portfolio. Goldman Sachs Group Inc Incorporated has 0% invested in the company for 15,209 shares. Tower Rech Cap Limited Liability (Trc) holds 953 shares or 0% of its portfolio. The California-based California Pub Employees Retirement has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). The New York-based Morgan Stanley has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI).

Insider Transactions: Since September 9, 2016, the stock had 1 buy, and 0 selling transactions for $2,056 net activity. Wang Cheng(Henry) bought 360 shares worth $2,056.

More notable recent Kandi Technologies Group Inc (NASDAQ:KNDI) news were published by: Fool.com which released: “Kandi Technologies Group, Inc. Earnings Plummet 99% on Tax Exemption Issues” on May 17, 2016, also Fool.com with their article: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” published on August 18, 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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