Revenue Update on China Hgs Real Estate Inc(NASDAQ:HGSH)

China Hgs Real Estate Inc(NASDAQ:HGSH) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.02.

China Hgs Real Estate Inc (HGSH) shares turned negative on Wednesdays trading session with the shares closing down -0.0416 points or -2.34% at a volume of 2,135. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.7384. The peak price level was also seen at $1.7384 while the days lowest was $1.721. Finally the shares closed at $1.7384. The 52-week high of the shares is $3.63 while the 52-week low is $1.25. According to the latest information available, the market cap of the company is $78 M.

China HGS Real Estate Inc. (China HGS) is a China-based Company which through its wholly-owned subsidiary Shaanxi Guangsha Investment and Development Group Co. Ltd. develops large-scale and high-quality commercial and residential projects. The Company’s real-estate properties include multi-layer apartment buildings sub-high-rise apartment buildings and high-rise apartment buildings. Since the initiation of the Company’s business it has been focusing on expanding its business in certain Tier 3 and Tier 4 cities and counties in China. The Company has been approved by Hanzhong local government to construct two municipal roads with a total length of 1064.09 meters.

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