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

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

Analysts Set New Price Targets

A number of research firms recently commented on KXIN. Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaixin in a report on Friday, July 17th. Wall Street Zen upgraded shares of Kaixin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Kaixin Stock Performance

The firm has a 50 day moving average price of $5.16 and a two-hundred day moving average price of $22.89.

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.