The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) is a huge mover today! The stock increased 8.86% or $0.35 on November 23, hitting $4.3. About 363,168 shares traded hands or 14.80% up from the average. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 43.94% since April 22, 2016 and is downtrending. It has underperformed by 49.35% the S&P500.
The move comes after 9 months positive chart setup for the $213.20 million company. It was reported on Nov, 24 by Barchart.com. We have $4.64 PT which if reached, will make NASDAQ:KNDI worth $17.06M more.
Analysts await Kandi Technologies Group Inc (NASDAQ:KNDI) to report earnings on March, 13.
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 increased to 1.92 in Q2 2016. Its up 1.18, from 0.74 in 2016Q1. The ratio is positive, 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.
Invesco Limited owns 182,457 shares or 0% of their US portfolio. Pnc Services Grp accumulated 0% or 600 shares. Jpmorgan Chase & Communications has 120,437 shares for 0% of their US portfolio. Us State Bank De reported 53 shares or 0% of all its holdings. California Public Employees Retirement holds 84,200 shares or 0% of its portfolio. Fincl Architects has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Wealthtrust accumulated 575 shares or 0% of the stock. Da Davidson Co last reported 500 shares in the company. Sphinx Trading Limited Partnership has 0.04% invested in the company for 2,500 shares. Mizuho Usa last reported 0.12% of its portfolio in the stock. Tower Cap Lc (Trc) has 0% invested in the company for 953 shares. Morgan Stanley accumulated 87,360 shares or 0% of the stock. Shelton Capital has 0.05% invested in the company for 85,000 shares. Benjamin F Edwards & has 0% invested in the company for 400 shares. Moreover, Barclays Public Lc has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 14,040 shares.
Insider Transactions: Since September 9, 2016, the stock had 2 insider buys, and 0 selling transactions for $47,911 net activity. Yu Henry had bought 11,668 shares worth $45,855 on Thursday, November 17. 360 Kandi Technologies Group Inc (NASDAQ:KNDI) shares with value of $2,056 were 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. 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: Nasdaq.com and their article: “Earnings Reaction History: Kandi Technologies Group, Inc., 40.0% Follow …” published on November 09, 2016 as well as Streetinsider.com‘s news article titled: “Kandi Technologies Group (KNDI) Announces Two Key Executive Appointments” with publication date: November 14, 2016.
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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