Kaixin (NASDAQ:KXIN) Stock Price Down 0.3% – Here’s What Happened

Kaixin Holdings (NASDAQ:KXIN)’s share price traded down 0.3% during mid-day trading on Wednesday . The stock traded as low as $5.40 and last traded at $5.3850. Approximately 3,235 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 54,139 shares. The stock had previously closed at $5.40.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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 restated a “sell (e+)” rating on shares of Kaixin in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Kaixin Stock Down 1.4%

The business’s 50 day moving average price is $5.14 and its 200-day moving average price is $22.15.

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.