Kaixin (NASDAQ:KXIN) Stock Rating Lowered by Wall Street Zen

Kaixin (NASDAQ:KXIN) was downgraded by stock analysts at Wall Street Zen to a “strong sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

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

Kaixin Stock Performance

Shares of KXIN opened at $1.24 on Friday. The business’s fifty day simple moving average is $4.57 and its two-hundred day simple moving average is $5.43. Kaixin has a 12 month low of $0.54 and a 12 month high of $832.50.

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.