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

Equities researchers at StockNews.com assumed coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Price Performance

XIN stock opened at $2.94 on Friday. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $7.05. The firm has a 50 day simple moving average of $3.16 and a 200 day simple moving average of $3.17.

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.