November 28, 2016 - By Darrin Black
In consideration of investment Xiaoming Hu made he is in the spotlight today. The President and CEO of Kandi Technologies Group Inc and an insider, invested in 126,720 shares worth $535,438 U.S Dollars. The average cost was $4.2 per share. At the moment, Xiaoming Hu owns 13.26 million shares which are roughly 26.00% of Kandi Technologies Group Inc’s total market capitalization.
Insitutional Activity: The institutional sentiment increased to 1.92 in 2016 Q2. Its up 1.18, from 0.74 in 2016Q1. The ratio increased, as 7 funds sold all Kandi Technologies Group Inc shares owned while 12 reduced positions. 5 funds bought stakes while 9 increased positions. They now own 1.51 million shares or 6.01% less from 1.60 million shares in 2016Q1.
Wfg Advisors Lp, a Texas-based fund reported 34,200 shares. Wells Fargo Com Mn has 0% invested in the company for 100 shares. Bancshares Of America De holds 3,180 shares or 0% of its portfolio. Wealthtrust has 575 shares for 0% of their US portfolio. Moreover, Sphinx Trading Ltd Partnership has 0.04% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 2,500 shares. Pnc Gru, a Pennsylvania-based fund reported 600 shares. Susquehanna Grp Llp last reported 0% of its portfolio in the stock. Morgan Stanley holds 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI) for 87,360 shares. Tower Research Cap Lc (Trc) last reported 0% of its portfolio in the stock. The Georgia-based Invesco Ltd has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). State Street Corporation owns 10,965 shares or 0% of their US portfolio. Guggenheim Capital Lc has invested 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI). Creative Planning last reported 10,002 shares in the company. Benjamin F Edwards & Inc reported 400 shares or 0% of all its holdings. Tradewinds Capital Limited Liability Corporation last reported 400 shares in the company.
Insider Transactions: Since September 9, 2016, the stock had 2 insider purchases, and 0 insider sales for $47,911 net activity. Another trade for 360 shares valued at $2,056 was bought by Wang Cheng(Henry). Yu Henry bought $45,855 worth of stock.
The stock increased 6.98% or $0.3 on November 25, hitting $4.6. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 38.01% since April 25, 2016 and is downtrending. It has underperformed by 44.02% the S&P500.
Kandi Technologies Group, Inc. is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The company has a market cap of $234.73 million. The Company’s business 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. It has a 70.79 P/E ratio. The Company’s products include EV parts, EV products and off-road vehicles, including all-terrain vehicles, utility vehicles, go-karts and others.
According to Zacks Investment Research, “KANDI TECHNOLOGIES, CORP. is a PRC (China)-based vehicle machinery producer, concentrating on three areas of small vehicle production: go-karts, special purpose vehicles and casual purpose vehicles. At present, it is among the leading producers of go-karts in the world, with an estimated 15% share of China’s global export market and a goal of doubling this share, in large part by becoming the leading producer of this increasingly popular recreational product in China. Focusing on the country’s rapid economic development, the Company also sees an increasing need for transportation vehicles for specific purposes, in particular, mini-size pesticide spraying vehicles and mini-service vehicles. Additionally, the Company produces a wide and growing range of All Terrain Vehicles which it believes represent the highest quality vehicles of this type in China, aimed at the export market as well as the rapidly growing market in the PRC.”
Analysts await Kandi Technologies Group Inc (NASDAQ:KNDI) to report earnings on March, 13.
More notable recent Kandi Technologies Group Inc (NASDAQ:KNDI) news were published by: Fool.com which released: “Kandi Technologies Group, Inc. Earnings Plummet 99% on Tax Exemption Issues” on May 17, 2016, also Nasdaq.com with their article: “Earnings Reaction History: Kandi Technologies Group, Inc., 40.0% Follow ..” published on November 09, 2016, Fool.com published: “Kandi Technologies Group, Inc. Warns 2016 Sales Could Fall Short” on August 18, 2016. More interesting news about Kandi Technologies Group Inc (NASDAQ:KNDI) were released by: Fool.com and their article: “Kandi Technologies Group, Inc. Earnings Soar as China’s EV Market Ramps Up” published on March 16, 2016 as well as Fool.com‘s news article titled: “Kandi Technologies Group, Inc. Stock Moves Higher” with publication date: February 16, 2016.
Kandi Technologies Group, Inc. (Kandi), incorporated on March 31, 2004, is focused on the development of pure electric vehicle (EV) products and manufacturing electric vehicle’s parts. The Company’s business 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. The Company’s products include EV parts, EV products and off-road vehicles, including all-terrain vehicles (ATVs), utility vehicles (UTVs), go-karts and others. The Firm conducts its business through its subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (Kandi Vehicles), and the partial subsidiaries of Kandi Vehicles. The Firm focuses on fuel efficient, pure EV parts manufacturing. The Company’s subsidiary, Jinhua Kandi New Energy Vehicles Co., Ltd. (Kandi New Energy), holds battery packing production rights (license), and supplies the battery pack to the joint venture (JV) Company. It also holds the special-purpose vehicle production rights (license) on manufacturing Kandi brand electric utility vehicles.
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By Darrin Black