Why Kandi Technologies Stock Is Slumping Today
Shares of Chinese electric vehicle (EV) maker Kandi Technologies (NASDAQ: KNDI) were trading sharply lower on Tuesday, after the company reported that its sales and margins had declined, and its loss widened, in the third quarter from a year ago.
As of 10:45 a.m. EST, Kandi's shares were down about 16.3% from Monday's closing price.
Kandi reported its third-quarter results before the U.S. markets opened on Tuesday, and investors hoping for growth were mostly disappointed.
Source Fool.com
