Xinyuan Real Estate (NYSE:XIN) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note released on Sunday. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

Xinyuan Real Estate stock opened at $2.88 on Friday. The business has a 50 day simple moving average of $3.14 and a 200-day simple moving average of $3.17. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $7.05.

Xinyuan Real Estate Company Profile

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.