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

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

Xinyuan Real Estate Stock Performance

Shares of NYSE XIN opened at $3.16 on Tuesday. Xinyuan Real Estate has a 1 year low of $1.92 and a 1 year high of $7.05. The firm’s 50 day moving average price is $3.84 and its 200 day moving average price is $3.22.

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.