EA Series Trust Acquires New Shares in Kandi Technologies Group, Inc. (NASDAQ:KNDI)

Posted by Defense World Staff on Oct 24th, 2023

EA Series Trust bought a new stake in Kandi Technologies Group, Inc. (NASDAQ:KNDI – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 63,812 shares of the company’s stock, valued at approximately $253,000.

Several other hedge funds also recently bought and sold shares of KNDI. UBS Group AG lifted its holdings in shares of Kandi Technologies Group by 828.1% during the 1st quarter. UBS Group AG now owns 9,281 shares of the company’s stock valued at $30,000 after buying an additional 8,281 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Kandi Technologies Group in the first quarter worth approximately $37,000. JPMorgan Chase & Co. bought a new stake in Kandi Technologies Group in the first quarter worth approximately $38,000. Pasadena Private Wealth LLC acquired a new position in shares of Kandi Technologies Group during the 2nd quarter worth $41,000. Finally, Walleye Capital LLC bought a new position in shares of Kandi Technologies Group during the 1st quarter valued at $42,000. 4.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on KNDI shares. StockNews.com assumed coverage on shares of Kandi Technologies Group in a report on Thursday, October 5th. They issued a “hold” rating for the company. TheStreet raised Kandi Technologies Group from a “d+” rating to a “c” rating in a research report on Thursday, August 17th.

View Our Latest Report on Kandi Technologies Group

Kandi Technologies Group Stock Performance

KNDI opened at $3.35 on Tuesday. The firm has a market cap of $264.78 million, a P/E ratio of -55.82 and a beta of 1.79. The business has a 50 day moving average price of $3.39 and a 200 day moving average price of $3.48. Kandi Technologies Group, Inc. has a twelve month low of $2.22 and a twelve month high of $4.27.

Kandi Technologies Group (NASDAQ:KNDI – Get Free Report) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.06 EPS for the quarter. The company had revenue of $35.95 million for the quarter. Kandi Technologies Group had a negative net margin of 3.72% and a negative return on equity of 1.23%.

About Kandi Technologies Group

(Free Report)

Kandi Technologies Group, Inc designs, develops, manufactures, and commercializes electric vehicle (EV) products and parts in the People's Republic of China, the United States, and internationally. It offers also off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts, electric scooters, and electric self-balancing scooters, as well as related parts; and EV parts comprising battery packs, body parts, EV controllers, air conditioning units, and other auto parts.