Kaixin Holdings (NASDAQ:KXIN – Free Report)’s stock is scheduled to reverse split on Monday, December 1st. The 1-30 reverse split was announced on Tuesday, November 25th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, November 28th.
Kaixin Stock Down 30.8%
Shares of NASDAQ KXIN opened at $0.14 on Thursday. The stock has a fifty day simple moving average of $0.77 and a 200-day simple moving average of $0.83. Kaixin has a twelve month low of $0.14 and a twelve month high of $2.50.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.
Kaixin Company Profile
Kaixin Auto Holdings primarily engages in the sale of domestic and imported automobiles in the People's Republic of China. It focuses on automobiles brands, such as Audi, BMW, Mercedes-Benz, Land Rover, Bentley, Rolls-Royce, and Porsche. The company is headquartered in Beijing, the People's Republic of China.
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