Kandi Technologies Group Inc (KNDI) Insider Purchases $74,480.00 in Stock

Kandi Technologies Group Inc (NASDAQ:KNDI) insider Xiaoming Hu purchased 19,000 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were purchased at an average price of $3.92 per share, with a total value of $74,480.00. Following the acquisition, the insider now directly owns 1,355,077 shares in the company, valued at $5,311,901.84. 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, September 5th, Xiaoming Hu purchased 14,000 shares of Kandi Technologies Group stock. The shares were purchased at an average price of $4.19 per share, with a total value of $58,660.00.
  • On Tuesday, August 21st, Xiaoming Hu purchased 9,000 shares of Kandi Technologies Group stock. The shares were purchased at an average price of $4.10 per share, with a total value of $36,900.00.
  • On Thursday, August 16th, Xiaoming Hu purchased 21,000 shares of Kandi Technologies Group stock. The shares were purchased at an average price of $4.04 per share, with a total value of $84,840.00.
  • On Friday, August 3rd, Xiaoming Hu purchased 9,461 shares of Kandi Technologies Group stock. The shares were purchased at an average price of $3.92 per share, with a total value of $37,087.12.
  • On Friday, August 10th, Xiaoming Hu purchased 37,461 shares of Kandi Technologies Group stock. The shares were purchased at an average price of $3.91 per share, with a total value of $146,472.51.

NASDAQ KNDI opened at $4.75 on Friday. The company has a market cap of $195.59 million, a price-to-earnings ratio of 4.37 and a beta of 3.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.87. Kandi Technologies Group Inc has a 1-year low of $3.60 and a 1-year high of $9.90.

Kandi Technologies Group (NASDAQ:KNDI) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $16.36 million during the quarter. Kandi Technologies Group had a return on equity of 16.97% and a net margin of 13.00%.

Separately, BidaskClub cut Kandi Technologies Group from a “sell” rating to a “strong sell” rating in a report on Friday, June 1st.

A hedge fund recently bought a new stake in Kandi Technologies Group stock. First Allied Advisory Services Inc. purchased a new stake in shares of Kandi Technologies Group Inc (NASDAQ:KNDI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 28,209 shares of the company’s stock, valued at approximately $137,000. First Allied Advisory Services Inc. owned approximately 0.05% of Kandi Technologies Group at the end of the most recent reporting period. 3.42% of the stock is owned by hedge funds and other institutional investors.

About Kandi Technologies Group

Kandi Technologies Group, Inc, through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicle (EV) 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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