Kandi Technologies Group Inc. (NASDAQ:KNDI) insider Xiaoming Hu acquired 126,720 shares of Kandi Technologies Group stock in a transaction that occurred on Friday, November 25th. The stock was acquired at an average cost of $4.23 per share, with a total value of $536,025.60. Following the completion of the purchase, the insider now owns 1,138,077 shares in the company, valued at approximately $4,814,065.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Kandi Technologies Group Inc. (NASDAQ:KNDI) traded up 7.61% during midday trading on Monday, hitting $4.95. The stock had a trading volume of 190,886 shares. The firm has a market cap of $236.11 million, a P/E ratio of 82.50 and a beta of 2.51. The stock has a 50-day moving average of $4.74 and a 200-day moving average of $6.15. Kandi Technologies Group Inc. has a 52 week low of $3.40 and a 52 week high of $12.00.
Kandi Technologies Group (NASDAQ:KNDI) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.01) EPS for the quarter. Kandi Technologies Group had a return on equity of 4.38% and a net margin of 1.82%. The company had revenue of $6.40 million for the quarter, compared to analyst estimates of $50.50 million.
Separately, TheStreet downgraded Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Monday, November 14th.
Kandi Technologies Group Company Profile