Xinyuan Real Estate (NYSE:XIN) Shares Pass Above 200-Day Moving Average of $2.75

Xinyuan Real Estate Co., Ltd. (NYSE:XIN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.75 and traded as high as $2.76. Xinyuan Real Estate shares last traded at $2.72, with a volume of 4,595 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Xinyuan Real Estate in a research note on Tuesday. They issued a “hold” rating on the stock.

Xinyuan Real Estate Price Performance

The stock’s 50 day moving average price is $2.72 and its 200 day moving average price is $2.75.

Institutional Investors Weigh In On 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:XIN) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 478,629 shares of the financial services provider’s stock, valued at approximately $536,000. Atria Wealth Solutions Inc. owned approximately 0.90% of Xinyuan Real Estate as of its most recent SEC filing. 0.04% of the stock is currently owned by institutional investors.

About Xinyuan Real Estate

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, Malaysia, and the United Kingdom. The company develops residential projects, such as multi-layer apartment buildings, sub-high-rise apartment buildings, high-rise apartment buildings; auxiliary services and amenities, such as retail outlets, leisure and health facilities, kindergartens, and schools, as well as office, mixed-use, and commercial properties.