Kaixin (NASDAQ:KXIN) Shares Up 5.3% – Time to Buy?

Kaixin Holdings (NASDAQ:KXIN)’s share price traded up 5.3% on Tuesday . The company traded as high as $4.63 and last traded at $4.39. Approximately 20,083 shares changed hands during trading, a decline of 87% from the average daily volume of 153,977 shares. The stock had previously closed at $4.17.

Analyst Ratings Changes

Several brokerages have recently issued reports on KXIN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a report on Tuesday, April 21st. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Kaixin Stock Performance

The company’s 50-day simple moving average is $5.14 and its 200 day simple moving average is $31.06.

Kaixin (NASDAQ:KXIN) last issued its quarterly earnings data on Tuesday, April 7th. The company reported $181.40 EPS for the quarter. The business 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.