Kaixin (NASDAQ:KXIN) Stock Price Up 5% – Should You Buy?

Kaixin Holdings (NASDAQ:KXIN)’s share price was up 5% during trading on Friday . The company traded as high as $6.35 and last traded at $6.31. Approximately 447,045 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 404,944 shares. The stock had previously closed at $6.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KXIN shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a report on Tuesday, April 21st. Wall Street Zen raised Kaixin from a “strong sell” rating to a “sell” rating in a report on Saturday, April 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Kaixin Price Performance

The business has a fifty day simple moving average of $5.63 and a 200 day simple moving average of $81.62.

Kaixin (NASDAQ:KXIN) last released its quarterly earnings results on Tuesday, April 7th. The company reported $181.40 earnings per share (EPS) for the quarter. The firm had revenue of $0.02 million for the quarter.

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.