Kaixin Stock Scheduled to Reverse Split on Monday, December 1st (NASDAQ:KXIN)

Kaixin Holdings (NASDAQ:KXIN)’s stock is going to reverse split before the market opens on Monday, December 1st. The 1-30 reverse split was announced on Tuesday, November 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 28th.

Kaixin Stock Performance

Shares of NASDAQ KXIN opened at $0.14 on Thursday. Kaixin has a fifty-two week low of $0.14 and a fifty-two week high of $2.50. The company’s 50 day simple moving average is $0.77 and its 200 day simple moving average is $0.83.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Kaixin currently has an average rating of “Sell”.

Kaixin Company Profile

Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.