Kaixin (NASDAQ:KXIN) Rating Lowered to Sell at Wall Street Zen

Kaixin (NASDAQ:KXIN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.

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

Kaixin Price Performance

Shares of KXIN stock opened at $1.43 on Friday. The business’s 50-day moving average price is $3.08 and its 200-day moving average price is $4.58. Kaixin has a 12 month low of $0.54 and a 12 month high of $832.50.

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

Kaixin Company Profile

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.