Kaixin (NASDAQ:KXIN) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Kaixin (NASDAQ:KXIN) to a strong sell rating in a report issued on Saturday,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 research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Kaixin currently has an average rating of “Sell”.

Kaixin Price Performance

Shares of NASDAQ KXIN opened at $1.24 on Friday. Kaixin has a 1-year low of $0.54 and a 1-year high of $832.50. The business’s 50 day moving average is $4.57 and its two-hundred day moving average is $5.47.

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.