Wall Street Zen lowered shares of Kaixin (NASDAQ:KXIN – Free Report) from a hold rating to a sell rating in a report released on Sunday,Wall Street Zen reports.
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Kaixin in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Report on KXIN
Kaixin Price Performance
Kaixin (NASDAQ:KXIN – Get Free Report) last posted its quarterly earnings results on Wednesday, September 16th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.33 million during the quarter.
Kaixin Company Profile
Kaixin (NASDAQ: KXIN), formerly known as Kaixin Auto Holdings, is an automotive company based in China. Historically, its business focused on the retail and distribution of used automobiles, supported by related services such as vehicle financing, insurance facilitation and after-sales services.
The company has also pursued opportunities in the new-energy vehicle sector, including the development and commercialization of electric-vehicle products and related technologies. Its business activities have primarily targeted the Chinese automotive market, although its strategic initiatives have included partnerships and potential expansion beyond China.
Kaixin has undergone changes in its business strategy and corporate structure over time as it has sought to transition from a used-car retailer toward a broader automotive and new-energy vehicle company.
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