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

Stock analysts at StockNews.com started coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Up 0.7 %

Shares of NYSE XIN opened at $2.82 on Friday. The firm’s 50-day moving average is $3.18 and its two-hundred day moving average is $3.16. Xinyuan Real Estate has a 12-month low of $1.92 and a 12-month high of $7.05.

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.