Kandi Technologies Group Inc (KNDI) CEO Xiaoming Hu Purchases 122,032 Shares

Kandi Technologies Group Inc (NASDAQ:KNDI) CEO Xiaoming Hu bought 122,032 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $4.75 per share, with a total value of $579,652.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Xiaoming Hu also recently made the following trade(s):

  • On Wednesday, March 27th, Xiaoming Hu bought 137,000 shares of Kandi Technologies Group stock. The stock was purchased at an average cost of $5.52 per share, with a total value of $756,240.00.

Shares of Kandi Technologies Group stock traded down $0.27 during trading hours on Friday, reaching $4.89. The company had a trading volume of 14,318 shares, compared to its average volume of 360,754. Kandi Technologies Group Inc has a one year low of $3.54 and a one year high of $9.23. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.13.

Kandi Technologies Group (NASDAQ:KNDI) last posted its quarterly earnings results on Friday, May 10th. The company reported ($0.09) EPS for the quarter. Kandi Technologies Group had a negative return on equity of 6.26% and a negative net margin of 11.32%. The company had revenue of $18.07 million during the quarter.

A number of research firms have issued reports on KNDI. BidaskClub raised Kandi Technologies Group from a “strong sell” rating to a “sell” rating in a research report on Friday. TheStreet raised Kandi Technologies Group from a “d+” rating to a “c” rating in a report on Thursday, February 21st.

Several institutional investors have recently bought and sold shares of the company. Morgan Stanley boosted its stake in Kandi Technologies Group by 92.4% during the first quarter. Morgan Stanley now owns 152,637 shares of the company’s stock valued at $856,000 after buying an additional 73,301 shares during the period. GSA Capital Partners LLP bought a new stake in Kandi Technologies Group during the fourth quarter valued at $143,000. Virtu Financial LLC bought a new stake in Kandi Technologies Group during the first quarter valued at $178,000. First Allied Advisory Services Inc. bought a new stake in Kandi Technologies Group during the fourth quarter valued at $91,000. Finally, BSW Wealth Partners bought a new stake in Kandi Technologies Group during the first quarter valued at $122,000. 3.89% of the stock is owned by hedge funds and other institutional investors.

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Kandi Technologies Group Company Profile

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts and off-road vehicles in the People's Republic of China and internationally. It offers off-road vehicles, including go-karts, all-terrain vehicles, utility vehicles, and other vehicles for sale to distributors or consumers; and EV parts comprising battery packs, EV drive motors, EV controllers, air conditioners, and other electric products.

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