Kaixin (NASDAQ:KXIN) Raised to “Sell” at Wall Street Zen

Kaixin (NASDAQ:KXIN) was upgraded by research analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Kaixin Stock Up 7.5%

NASDAQ KXIN opened at $6.28 on Friday. The company has a fifty day simple moving average of $7.86 and a two-hundred day simple moving average of $148.27. Kaixin has a 12-month low of $4.10 and a 12-month high of $832.50.

Kaixin (NASDAQ:KXIN) last posted its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share (EPS) for the quarter. The company had revenue of $0.02 million during the quarter.

Kaixin Company Profile

Kaixin Auto Holdings, Inc (NASDAQ: KXIN) is a China-based integrated automotive services company primarily engaged in the distribution and financing of passenger vehicles. The company’s core business lines include new car sales through a network of franchised dealerships, used-vehicle trade-ins and resale, as well as a full suite of after-sales services such as maintenance, repair and parts supply. By combining vehicle distribution with complementary services, Kaixin aims to capture value across the entire ownership lifecycle.

Founded in 2014 and headquartered in Chengdu, Sichuan Province, Kaixin has expanded its footprint across central and western regions of China.