Kandi Stock Soars (KNDI)

NEW YORK ( TheStreet) -- Shares of Kandi Technologies Corporation (Nasdaq: KNDI) have taken a tremendous swing upward. The stock is trading at $2.87 as of 3:24 p.m. ET, 20.1% above Thursday's closing price of $2.39. Volume is at 169,414, 2.4 times the daily average of 69,900.

Kandi has a market cap of $62.3 million and is part of the consumer goods sector and automotive industry. Shares are down 54.6% year to date as of the close of trading on Thursday.

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. The company has a P/E ratio of 9.9, above the average automotive industry P/E ratio of 9.5 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Kandi as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Kandi Ratings Report.

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