Boston, MA, 07/01/2013 (financialstrend) – The Net profit margin of Kandi Technolgies Corp.(NASDAQ:KNDI) is 15.26 percent for First quarter for March 2013 compared to the lower value of 9.38 percent for the last year first quarter. Kandi Technolgies Corp.(NASDAQ:KNDI) had announced the construction beginning of the first pure electric charging vehicle and smart vertical parking centre in June this year. The company has got the five year goal of selling 1,00,000 rental electric vehicles throughout China. Kandi Technolgies Corp.(NASDAQ:KNDI) is due to pay $25 million by end of June in payables and short term debt.
Shares of Kandi Technolgies Corp. (NASDAQ:KNDI) which opened at $6.06 had declined by 7.26 percent to end up the day at $5.62 on Friday. The decline in the shares of Kandi Technolgies Corp. (NASDAQ:KNDI) accounts to $0.44 per share. The price range of Kandi Technolgies Corp. (NASDAQ:KNDI) varied from as low as $5.60 to a peak value of $6.07. The 52 week low of the company is $2.99 and the high value was $8.50. The total outstanding shares of Kandi Technolgies Corp.(NASDAQ:KNDI) is 32.54 million shares which accounts for a huge market capitalization of 182.87 million for Kandi Technolgies Corp. (NASDAQ:KNDI). Trading volume of the shares of Kandi Technolgies Corp. (NASDAQ:KNDI) for last Friday was 2.01 million shares which was low when compared to the average trading volume of 2.84 million shares. The institutional investors of the company contribute for around 01 percent of the total outstanding shares.
Kandi Technolgies Corp. (NASDAQ:KNDI) designs, develops, manufactures and markets all terrain vehicles (ATVs), Go-karts, specialized automobiles such as Electric Vehicles (EVs) to China and other Global markets. The products include Off-road vehicles, motor cycles, refitted cars and super-mini cars. Kandi Technolgies Corp.(NASDAQ:KNDI) in its Off road vehicles produces Go karts ranging from 90 cubic capacity to 1000 cubic capacity in the cylinder displacement. Kandi Technolgies Corp.(NASDAQ:KNDI) also produces for wheeled ATVs and specialized UTVs which are used for special purposes in Agriculture and industry.
