The stock of Kandi Technologies Group Inc (NASDAQ:KNDI) is a huge mover today! About 305,802 shares traded hands. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 31.48% since April 26, 2016 and is downtrending. It has underperformed by 36.74% the S&P500.
The move comes after 7 months positive chart setup for the $280.18 million company. It was reported on Nov, 29 by Barchart.com. We have $5.83 PT which if reached, will make NASDAQ:KNDI worth $25.22M 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 increased, 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.
Wfg Advsr L P reported 34,200 shares or 0.07% of all its holdings. State Street owns 10,965 shares or 0% of their US portfolio. The Illinois-based Sphinx Trading Limited Partnership has invested 0.04% in Kandi Technologies Group Inc (NASDAQ:KNDI). Deutsche National Bank & Trust Ag owns 129 shares or 0% of their US portfolio. Parallax Volatility Advisers L P has 0% invested in the company for 3 shares. Tower Rech Cap Limited Liability (Trc) holds 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI) for 953 shares. Creative Planning last reported 0% of its portfolio in the stock. The United Kingdom-based Barclays Public Llc has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). Wealthtrust last reported 575 shares in the company. Jpmorgan Chase And Company holds 120,437 shares or 0% of its portfolio. Morgan Stanley holds 87,360 shares or 0% of its portfolio. Citigroup accumulated 2,161 shares or 0% of the stock. Mizuho Usa Incorporated last reported 0.12% of its portfolio in the stock. Goldman Sachs Group holds 0% or 15,209 shares in its portfolio. The California-based Shelton Capital Mgmt has invested 0.05% in Kandi Technologies Group Inc (NASDAQ:KNDI).
Insider Transactions: Since September 9, 2016, the stock had 2 insider purchases, and 0 sales for $47,911 net activity. Yu Henry bought 11,668 shares worth $45,855. Wang Cheng(Henry) also bought $2,056 worth of Kandi Technologies Group Inc (NASDAQ:KNDI) on Friday, September 9.
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 Nasdaq.com with their article: “Earnings Reaction History: Kandi Technologies Group, Inc., 40.0% Follow …” published on November 09, 2016, Fool.com published: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” on August 18, 2016. More interesting news about Kandi Technologies Group Inc (NASDAQ:KNDI) were released by: Fool.com and their article: “Kandi Technologies Group, Inc. Earnings Soar as China’s EV Market Ramps Up” published on March 16, 2016 as well as Fool.com‘s news article titled: “Kandi Technologies Group, Inc. Stock Moves Higher” with publication date: February 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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