StockNews.com Begins Coverage on Xinyuan Real Estate (NYSE:XIN)

StockNews.com started coverage on shares of Xinyuan Real Estate (NYSE:XINGet Rating) in a research report report published on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Price Performance

Shares of XIN opened at $0.38 on Monday. The firm has a fifty day simple moving average of $0.48 and a two-hundred day simple moving average of $0.66. Xinyuan Real Estate has a twelve month low of $0.30 and a twelve month high of $1.23.

Shares of Xinyuan Real Estate are going to reverse split on the morning of Monday, November 28th. The 1-10 reverse split was announced on Monday, November 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 28th.

Institutional Trading of Xinyuan Real Estate

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Rehmann Capital Advisory Group acquired a new position in Xinyuan Real Estate Co., Ltd. (NYSE:XINGet Rating) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,909 shares of the financial services provider’s stock, valued at approximately $26,000. 3.20% of the stock is owned by institutional investors.

Xinyuan Real Estate Company Profile

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Xinyuan Real Estate Co, Ltd., together with its subsidiaries, engages in residential real estate development and construction in the People's Republic of China, the United States, and internationally. It develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; and auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.

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