Kandi Technologies Group Inc (NASDAQ:KNDI) dived 10% in heavy trading for its second straight loss. The Chinese electric-car maker said it entered into a direct placement agreement with a couple of institutional investors for 606,000 shares at 18.24 each or a near 14% discount to Tuesday’s close. Kandi Technologies Group Inc (NASDAQ:KNDI) shares after opening at $20.10 moved to $20.71 on last trade day and at the end of the day closed at $19.04. Company price to sales ratio in past twelve months was calculated as 10.03 and price to cash ratio as 56.84. Kandi Technologies Group Inc (NASDAQ:KNDI) showed a positive weekly performance of 5.90%.
TheStreet Ratings team rates Origin Agritech Ltd.(NASDAQ:SEED) as a “sell” with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation. “We rate ORIGIN AGRITECH LTD (SEED) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company’s weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk and disappointing return on equity.” Origin Agritech Ltd.(NASDAQ:SEED) shares fell -3.62% in last trading session and ended the day on $2.66. SEED return on equity ratio is recorded as 3.20% and its return on assets is 0.60%. Origin Agritech Ltd. (NASDAQ:SEED) yearly performance is 53.76%.
After moving sideways for five months consolidating previous big gains, shares of Castle Brands Inc (NYSEMKT:ROX) exploded higher again in early March on very impressive volume. Prudent portfolio management practices may dictate that those of us in ROX before its 50% spike take some of our quick winnings off the table, but we’re keeping ROX rated Buy on the recommended list of our InsiderInsights Newsletter for investors that can handle a speculative momentum play. Castle Brands Inc (NYSEMKT:ROX) shares moved down -3.14% in last trading session and was closed at $1.23, while trading in range of $1.20 – 1.30. Castle Brands Inc (NYSEMKT:ROX) year to date (YTD) performance is 61.84%.
Ocean Bio-Chem (NASDAQ:OBCI) announced a special dividend on Wednesday, March 19th, AmericanBankingNews.com reports. Stockholders of record on Tuesday, April 1st will be paid a dividend of 0.05 per share on Tuesday, April 15th. Ocean Bio-Chem, Inc. (NASDAQ:OBCI) weekly performance is 13.77%. On last trading day company shares ended up $34.47. Ocean Bio-Chem, Inc. (NASDAQ:OBCI) distance from 50-day simple moving average (SMA50) is 20.24%.