Kaixin (NASDAQ:KXIN) Upgraded to Hold at Wall Street Zen

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

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

Kaixin Price Performance

KXIN stock opened at $1.38 on Monday. The firm has a fifty day moving average price of $2.68 and a 200 day moving average price of $4.45. 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 results on Wednesday, September 16th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.33 million for the quarter.

Kaixin Company Profile

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.