Kandi Technologies Group Inc. (KNDI) Insider Buys $536,025.60 in Stock
Kandi Technologies Group Inc. (NASDAQ:KNDI) insider Xiaoming Hu purchased 126,720 shares of the firm’s stock in a transaction on Friday, November 25th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $4,814,065.71. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Xiaoming Hu also recently made the following trade(s):
- On Monday, November 28th, Xiaoming Hu purchased 42,485 shares of Kandi Technologies Group stock. The stock was acquired at an average price of $4.99 per share, with a total value of $212,000.15.
Shares of Kandi Technologies Group Inc. (NASDAQ:KNDI) opened at 5.20 on Thursday. Kandi Technologies Group Inc. has a 1-year low of $3.40 and a 1-year high of $12.00. The stock has a market capitalization of $248.03 million, a PE ratio of 86.67 and a beta of 2.51. The firm has a 50-day moving average price of $4.72 and a 200-day moving average price of $6.13.
Kandi Technologies Group (NASDAQ:KNDI) last released its earnings results on Wednesday, November 9th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $6.40 million for the quarter, compared to analyst estimates of $50.50 million. Kandi Technologies Group had a return on equity of 4.38% and a net margin of 1.82%.
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Separately, TheStreet cut Kandi Technologies Group from a “hold” rating to a “sell” rating in a research note on Monday, November 14th.
Kandi Technologies Group Company Profile
Kandi Technologies Group, Inc (Kandi) is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business operations 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.
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