Xinyuan Real Estate Stock to Reverse Split on Monday, November 28th (NYSE:XIN)

Shares of Xinyuan Real Estate Co., Ltd. (NYSE:XINGet Rating) are going to reverse split before the market opens on 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 market closes on Monday, November 28th.

Xinyuan Real Estate Stock Up 1.1 %

Shares of NYSE:XIN opened at $0.48 on Friday. The firm’s 50 day moving average price is $0.50 and its 200 day moving average price is $0.68. Xinyuan Real Estate has a fifty-two week low of $0.30 and a fifty-two week high of $1.23.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Xinyuan Real Estate in a report on Sunday, November 13th. They set a “hold” rating on the stock.

Institutional Trading of Xinyuan Real Estate

A hedge fund recently bought a new stake in Xinyuan Real Estate stock. Atria Wealth Solutions Inc. bought a new position in shares of Xinyuan Real Estate Co., Ltd. (NYSE:XINGet Rating) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned about 0.90% of Xinyuan Real Estate at the end of the most recent quarter. 3.20% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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