Azzad Asset Management Inc. ADV Lowers Stock Holdings in Kandi Technologies Group, Inc. (NASDAQ:KNDI)

Azzad Asset Management Inc. ADV lowered its holdings in Kandi Technologies Group, Inc. (NASDAQ:KNDI) by 38.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,085 shares of the company’s stock after selling 12,001 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Kandi Technologies Group were worth $40,000 as of its most recent SEC filing.

Separately, Whittier Trust Co. purchased a new stake in shares of Kandi Technologies Group in the fourth quarter valued at $28,000. 3.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Kandi Technologies Group to a “sell” rating in a research report on Monday, May 27th.

Kandi Technologies Group Price Performance

Shares of Kandi Technologies Group stock opened at $2.12 on Thursday. Kandi Technologies Group, Inc. has a twelve month low of $1.76 and a twelve month high of $3.96. The stock has a market capitalization of $185.20 million, a P/E ratio of 70.69 and a beta of 1.35. The company has a current ratio of 4.48, a quick ratio of 3.68 and a debt-to-equity ratio of 0.02. The business’s fifty day moving average price is $2.17 and its 200 day moving average price is $2.40.

About Kandi Technologies Group

Kandi Technologies Group, Inc engages in designing, developing, manufacturing, and commercializing electric vehicle (EV) products and parts in the People's Republic of China and the United States. 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 battery packs and smart battery swap system.