Kaixin (NASDAQ:KXIN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Kaixin (NASDAQ:KXIN) from a sell rating to a hold rating in a research note released on Monday,Wall Street Zen reports.

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

Kaixin Trading Down 3.0%

Kaixin stock opened at $1.63 on Monday. The business’s 50-day simple moving average is $2.55 and its two-hundred day simple moving average is $4.39. Kaixin has a fifty-two week low of $0.54 and a fifty-two week high of $832.50.

Kaixin (NASDAQ:KXIN) last announced 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.

About Kaixin

Kaixin Auto Holdings (NASDAQ: KXIN) is a China-based automotive company whose business has historically centered on the retail and distribution of used automobiles. The company has focused particularly on premium and luxury vehicles, serving customers through dealerships and related automotive sales channels.

In addition to vehicle sales, Kaixin has offered services associated with automobile ownership and transactions, including vehicle financing, aftermarket services and other dealership-related activities.