Several matter pinch shares of Kandi Technologies Group, Inc. (NASDAQ:KNDI) [Trend Analysis], as shares surging remains unchanged to $5.30 with a share volume of 170291. Kandi Technologies Group, Inc. (KNDI) revealed that the final results of the review of subsidy payments for electric vehicles manufactured by Kandi Electric Vehicles Group Co., Ltd. from 2013 to 2014 were reported. The results came from the Ministry of Finance of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology of China, and the Ministry of Science and Technology of China.
According to the final results, the Government will re-calculate subsidy payments for EVs that were manufactured during the 2013-2014 period pursuant to the 2016 subsidy eligibility guidelines. This re-calculation is the result of certain complications in the JV Company’s advanced reusable battery exchange model that necessitated further clarification to the Government.
As a result of dialogue with the Government, the JV Company has made modifications to its battery exchange model and has obtained Government approval in February of 2016. Based on subsidy guidelines, our EV models were eligible to receive Government subsidies of RMB 50,000.00 (approximately USD 7,195.00) in 2013, RMB 47,500.00 (approximately USD 6,835.00) in 2014, and RMB 45,000.00 (approximately USD 6,475.00) in 2016 on a per car basis. Applying the 2016 subsidy eligibility guidelines for those EVs it manufactured from 2013 to 2014, the JV Company estimates it will need to write off approximately USD 6.6 million of previously recorded account receivables. EVs that were manufactured in 2015 and 2016 remain eligible for the same amount of Government subsidies. The stock is going forward its 52-week low with 55.88% and moving down from its 52-week high price with -55.83%. To have technical analysis views, liquidity ratio of a company was calculated 1.40 as evaluated with its debt to equity ratio of 0.16. The float short ratio was 15.20%, as compared to sentiment indicator; Short Ratio was 14.43.
Tyson Foods, Inc. (NYSE:TSN) [Trend Analysis] luring active investment momentum, shares a gain 1.57% to $62.87. Tyson Foods, Inc. (TSN) said the company was recently notified that the National Labor Relations Council of the Department of Labor and Employment in Philippines has ruled against an appeal related to the 1995 closing of an apparel manufacturing facility operated by a subsidiary of the former Sara Lee Corp. Tyson Foods said it is considering all appellate options including asking the NLRC to reconsider its ruling and the Philippine courts to overturn the ruling.
David Van Bebber, general counsel for Tyson Foods, said: “As Hillshire Brands does not have any operations in the Philippines, we don’t expect this decision to have any impact on our business.”Tyson noted that the case pre-dates the company’s acquisition of The Hillshire Brands Company, which was formerly known as Sara Lee Corp., by more than 15 years. The total volume of 293279 shares held in the session was surprisingly higher than its average volume of 4203.69 shares. EPS estimates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at 53.50%, and looking further price to next year’s EPS is 3.22%. While take a short look on price to sales ratio, that was 0.60 and price to earnings ratio of 13.65 attracting passive investors.