The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) is a huge mover today! About 403,641 shares traded hands. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 28.96% since April 28, 2016 and is downtrending. It has underperformed by 34.89% the S&P500.
The move comes after 7 months negative chart setup for the $206.38 million company. It was reported on Dec, 1 by Barchart.com. We have $4.56 PT which if reached, will make NASDAQ:KNDI worth $6.19 million less.
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 improved, 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.
The California-based California Pub Employees Retirement Systems has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). Guggenheim Cap Limited Liability Corporation has 16,726 shares for 0% of their US portfolio. Walleye Trading Llc last reported 970 shares in the company. Tradewinds Management Limited Liability last reported 400 shares in the company. Goldman Sachs accumulated 0% or 15,209 shares. Moreover, Morgan Stanley has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 87,360 shares. Wells Fargo Communication Mn owns 100 shares or 0% of their US portfolio. Next Group Inc holds 300 shares or 0% of its portfolio. Pnc Svcs Gp last reported 600 shares in the company. State Street has 0% invested in the company for 10,965 shares. Wealthtrust last reported 575 shares in the company. Moreover, Invesco Limited has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 182,457 shares. Moreover, Benjamin F Edwards & has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 400 shares. Moreover, Creative Planning has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 10,002 shares. Wfg L P owns 34,200 shares or 0.07% of their US portfolio.
Insider Transactions: Since September 9, 2016, the stock had 3 insider buys, and 0 selling transactions for $259,911 net activity. The insider Yu Henry bought $45,855. Shares for $212,000 were bought by Hu Xiaoming. Wang Cheng(Henry) bought 360 shares worth $2,056.
More notable recent Kandi Technologies Group Inc (NASDAQ:KNDI) news were published by: Foxbusiness.com which released: “Why Shares of Kandi Technologies Jumped 11% Tuesday” on November 29, 2016, also Fool.com with their article: “Kandi Technologies Group, Inc. Earnings Plummet 99% on Tax Exemption Issues” published on May 17, 2016, Nasdaq.com published: “Earnings Reaction History: Kandi Technologies Group, Inc., 40.0% Follow …” on November 09, 2016. More interesting news about Kandi Technologies Group Inc (NASDAQ:KNDI) were released by: Fool.com and their article: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” published on August 18, 2016 as well as Fool.com‘s news article titled: “Kandi Technologies Group, Inc. Earnings Soar as China’s EV Market Ramps Up” with publication date: March 16, 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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