Shares of Kandi Technologies Corporation (Nasdaq:KNDI) were gapping down Wednesday morning with an open price 18.3% lower than Tuesday's closing price. The stock closed at $2.73 yesterday and opened today's trading at $2.23.
NEW YORK ( TheStreet) -- Shares of Kandi Technologies Corporation (Nasdaq: KNDI) were gapping down Wednesday morning with an open price 18.3% lower than Tuesday's closing price. The stock closed at $2.73 Tuesday and opened today's trading at $2.23. The average volume for Kandi has been 278,600 shares per day over the past 30 days. Kandi has a market cap of $77.4 million and is part of the consumer goods sector and automotive industry. Shares are down 48.2% year to date as of the close of trading on Tuesday. Kandi Technologies Corp., through its subsidiaries, engages in the design, development, manufacture, and commercialization of off-road vehicles, motorcycles, mini-cars, and special automobile related products. TheStreet Ratings rates Kandi as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, generally weak debt management and generally disappointing historical performance in the stock itself. You can view the full Kandi Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.