Stock To Watch: Kandi Technologies Group (KNDI) In Perilous Reversal

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Trade-Ideas LLC identified Kandi Technologies Group ( KNDI) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Kandi Technologies Group as such a stock due to the following factors:

  • KNDI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $16.4 million.
  • KNDI has traded 528,838 shares today.
  • KNDI is down 3% today.
  • KNDI was up 7.7% yesterday.

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More details on KNDI:

Kandi Technologies Group, Inc., through its subsidiaries, designs, develops, manufactures, and commercializes electric vehicles (EVs), EV parts, and off-road vehicles in the People's Republic of China and internationally. KNDI has a PE ratio of 13.

The average volume for Kandi Technologies Group has been 798,600 shares per day over the past 30 days. Kandi Technologies Group has a market cap of $466.5 million and is part of the consumer goods sector and automotive industry. The stock has a beta of 1.54 and a short float of 19.2% with 3.77 days to cover. Shares are down 28.9% year-to-date as of the close of trading on Friday.

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Today's Weak On High Volume Stock: Kandi Technologies Group (KNDI)

Kandi Technologies Group (KNDI) Stock: Weak On High Volume Today