Insider Filing Note: Xiaoming Hu Purchased 42485 shares of Kandi Technologies Group Inc (NASDAQ:KNDI) in an Insider Trading

November 30, 2016 - By Marguerite Chambers

Insider Filing Note: Xiaoming Hu Purchased 42485 shares of Kandi Technologies Group Inc (NASDAQ:KNDI) in an Insider Trading

Xiaoming Hu Insider Buy

As announced in the SEC, a public form for the deal of 42,485 shares of Kandi Technologies Group Inc by Xiaoming Hu was filled. Xiaoming Hu is presently the President and CEO of the stock exchange listed company. The legal report was filled on November 30, 2016. The insider shares were obtained at average $5.0 of a share, and have a market value of $212,000 US Dollars. He also bought 126,720 shares that are worth about $535,438 USD in the last 30 days. Xiaoming now possess 13.31 million shares accounting for 24.94% of the Company’s market cap

Insitutional Activity: The institutional sentiment increased to 1.92 in 2016 Q2. Its up 1.18, from 0.74 in 2016Q1. The ratio improved, 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.

Mizuho Usa holds 0.12% or 105,400 shares in its portfolio. Sphinx Trading Limited Partnership last reported 0.04% of its portfolio in the stock. Shelton Mgmt, a California-based fund reported 85,000 shares. Us Retail Bank De accumulated 53 shares or 0% of the stock. Next Financial Grp Inc holds 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI) for 300 shares. Walleye Trading Limited Liability accumulated 970 shares or 0% of the stock. The Alabama-based Wealthtrust has invested 0% in Kandi Technologies Group Inc (NASDAQ:KNDI). Da Davidson &, a Montana-based fund reported 500 shares. Moreover, Retail Bank Of America Corporation De has 0% invested in Kandi Technologies Group Inc (NASDAQ:KNDI) for 3,180 shares. Citadel reported 26,062 shares or 0% of all its holdings. Goldman Sachs Grp Inc holds 15,209 shares or 0% of its portfolio. Susquehanna Intl Group Ltd Liability Partnership has 637,593 shares for 0% of their US portfolio. Creative Planning accumulated 0% or 10,002 shares. Spot Trading Lc accumulated 0% or 9,527 shares. Wells Fargo & Co Mn holds 0% of its portfolio in Kandi Technologies Group Inc (NASDAQ:KNDI) for 100 shares.

Insider Transactions: Since September 9, 2016, the stock had 2 insider purchases, and 0 insider sales for $47,911 net activity. On Friday, September 9 Wang Cheng(Henry) bought $2,056 worth of the stock or 360 shares. $45,855 worth of shares were bought by Yu Henry on Thursday, November 17.

The stock increased 11.88% or $0.6 during the last trading session, hitting $5.65. About 100 shares traded hands. Kandi Technologies Group Inc (NASDAQ:KNDI) has declined 23.55% since April 27, 2016 and is downtrending. It has underperformed by 28.77% 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 $295.87 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 86.95 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.

KNDI Company Profile

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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