Kaixin (NASDAQ:KXIN) Shares Set to Reverse Split on Friday, October 25th

Shares of Kaixin Holdings (NASDAQ:KXIN) are set to reverse split before the market opens on Friday, October 25th. The 1-60 reverse split was announced on Wednesday, October 23rd. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, October 24th.

Kaixin Price Performance

Shares of NASDAQ:KXIN traded down $0.04 during midday trading on Wednesday, hitting $0.11. The stock had a trading volume of 15,586,469 shares, compared to its average volume of 12,026,376. The company’s 50-day moving average price is $0.13 and its 200-day moving average price is $0.13. Kaixin has a fifty-two week low of $0.06 and a fifty-two week high of $3.55.

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.