Kaixin (NASDAQ:KXIN) Stock Price Up 5% – Still a Buy?

Shares of Kaixin Holdings (NASDAQ:KXIN) rose 5% during mid-day trading on Friday . The stock traded as high as $6.35 and last traded at $6.31. Approximately 447,045 shares changed hands during trading, an increase of 10% from the average daily volume of 404,944 shares. The stock had previously closed at $6.01.

Wall Street Analyst Weigh In

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

Kaixin Stock Up 5.0%

The firm’s fifty day moving average is $5.63 and its 200-day moving average is $81.62.

Kaixin (NASDAQ:KXIN) last posted its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share for the quarter. The company had revenue of $0.02 million during the quarter.

About Kaixin

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.