Kaixin (NASDAQ:KXIN) Stock Moved Up to “Hold” by Wall Street Zen

Wall Street Zen upgraded shares of Kaixin (NASDAQ:KXIN) from a strong sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Kaixin Trading Down 6.0%

Kaixin stock opened at $1.42 on Friday. Kaixin has a 52 week low of $0.54 and a 52 week high of $832.50. The business’s 50-day simple moving average is $3.57 and its 200-day simple moving average is $4.75.

Kaixin (NASDAQ:KXIN) last announced its earnings results on Wednesday, September 16th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.33 million during the quarter.

About Kaixin

Kaixin (NASDAQ: KXIN), formerly known as Kaixin Auto Holdings, is an automotive company based in China. Historically, its business focused on the retail and distribution of used automobiles, supported by related services such as vehicle financing, insurance facilitation and after-sales services.

The company has also pursued opportunities in the new-energy vehicle sector, including the development and commercialization of electric-vehicle products and related technologies. Its business activities have primarily targeted the Chinese automotive market, although its strategic initiatives have included partnerships and potential expansion beyond China.

Kaixin has undergone changes in its business strategy and corporate structure over time as it has sought to transition from a used-car retailer toward a broader automotive and new-energy vehicle company.