Kaixin (NASDAQ:KXIN) Stock Price Down 0.3% – Should You Sell?

Shares of Kaixin Holdings (NASDAQ:KXIN) were down 0.3% during trading on Wednesday . The company traded as low as $5.40 and last traded at $5.3850. 3,235 shares changed hands during trading, a decline of 94% from the average session volume of 54,139 shares. The stock had previously closed at $5.40.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on KXIN. Wall Street Zen raised shares of Kaixin from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (e+)” rating on shares of Kaixin in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Kaixin Stock Down 0.3%

The company has a 50-day moving average price of $5.16 and a 200 day moving average price of $22.89.

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.