Shares of Kaixin Holdings (NASDAQ:KXIN – Free Report) are going to reverse split on the morning of 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 closing bell on Friday, November 28th.
Kaixin Stock Performance
Kaixin stock opened at $0.14 on Thursday. Kaixin has a 12-month low of $0.14 and a 12-month high of $2.50. The firm has a 50-day moving average price of $0.77 and a 200-day moving average price of $0.83.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Kaixin in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus 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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