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

StockNews.com assumed coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research report released on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Price Performance

Shares of NYSE:XIN opened at $2.65 on Friday. Xinyuan Real Estate has a 52-week low of $1.92 and a 52-week high of $7.05. The stock has a 50 day moving average price of $3.29 and a 200-day moving average price of $3.16.

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.