Kaixin (NASDAQ:KXIN) Raised to “Hold” at Wall Street Zen

Kaixin (NASDAQ:KXIN) was upgraded by investment analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

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

Kaixin Price Performance

Shares of KXIN stock opened at $1.42 on Friday. Kaixin has a 52-week low of $0.54 and a 52-week high of $832.50. The business has a 50-day simple moving average of $3.57 and a 200-day simple moving average of $4.74.

Kaixin (NASDAQ:KXIN) last posted its earnings results on Wednesday, September 16th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.33 million during 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.