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

Investment analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Trading Down 1.5 %

Shares of XIN stock opened at $2.66 on Thursday. Xinyuan Real Estate has a 1 year low of $2.24 and a 1 year high of $7.05. The business’s fifty day moving average is $2.76 and its 200-day moving average is $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.