Insider Buying: Kandi Technologies Group Inc (KNDI) CEO Purchases 122,032 Shares of Stock
Kandi Technologies Group Inc (NASDAQ:KNDI) CEO Xiaoming Hu acquired 122,032 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were acquired at an average cost of $4.75 per share, for a total transaction of $579,652.00. The acquisition was disclosed in a filing with the SEC, which is available through this link.
Xiaoming Hu also recently made the following trade(s):
- On Wednesday, March 27th, Xiaoming Hu acquired 137,000 shares of Kandi Technologies Group stock. The shares were acquired at an average cost of $5.52 per share, for a total transaction of $756,240.00.
Shares of NASDAQ:KNDI opened at $4.88 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. Kandi Technologies Group Inc has a 12 month low of $3.54 and a 12 month high of $9.23.
Several analysts have recently issued reports on the company. BidaskClub downgraded Kandi Technologies Group from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. TheStreet upgraded Kandi Technologies Group from a “d+” rating to a “c” rating in a research report on Thursday, February 21st.
A number of large investors have recently made changes to their positions in KNDI. Morgan Stanley increased 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 worth $856,000 after acquiring an additional 73,301 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Kandi Technologies Group during the fourth quarter worth about $143,000. Virtu Financial LLC acquired a new stake in Kandi Technologies Group during the first quarter worth about $178,000. First Allied Advisory Services Inc. acquired a new stake in Kandi Technologies Group during the fourth quarter worth about $91,000. Finally, BSW Wealth Partners acquired a new stake in Kandi Technologies Group during the first quarter worth about $122,000. Institutional investors own 3.89% of the company’s stock.
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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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