Kaixin (NASDAQ:KXIN) Upgraded at Wall Street Zen

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

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

Kaixin Stock Down 7.0%

Shares of KXIN opened at $1.32 on Friday. Kaixin has a twelve month low of $0.54 and a twelve month high of $832.50. The firm’s 50 day moving average price is $3.48 and its two-hundred day moving average price is $4.71.

Kaixin (NASDAQ:KXIN) last issued 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 for 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.