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

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

Xinyuan Real Estate Price Performance

Shares of NYSE:XIN opened at $3.75 on Thursday. The firm has a fifty day moving average of $3.34 and a two-hundred day moving average of $3.02. 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.