Kandi Technologies Group Inc. (KNDI, Financial) experienced a significant stock price drop of 6.25%. The stock is currently trading at $1.35 with a trading volume of 81,969 shares and a turnover rate of 0.09%, showing a price fluctuation of 4.74%.
Recent earnings reports indicate that Kandi Technologies achieved $39.15 million in revenue, with a net profit of $1.67 million and earnings per share of $0.02. The gross profit stood at $11.84 million, and the stock holds a negative price-to-earnings ratio of -34.59. Presently, there are no institutional ratings available for buying, holding, or selling the stock.
Within the auto parts industry, where Kandi operates, the overall sector has seen a modest increase of 0.09%. Notable stocks in this sector include Carparts.Com, Inc., Standard Motor Products, Inc., and Allison Transmission Holdings, which have reported notable gains. Active stocks in this sector include Hyzon Motors Inc. with a turnover rate of 7.86%, and Luminar Technologies, Inc. with a turnover rate of 7.42%.
Kandi Technologies Group Limited focuses on developing, producing, and selling electric vehicle (EV) products, EV parts, and off-road vehicle products in the Chinese market. The company’s major revenue comes from off-road vehicles, followed by sales in the U.S. and other countries, with China as a secondary market.
