Xinyuan Real Estate (NYSE:XIN) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Xinyuan Real Estate Co., Ltd. (NYSE:XIN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.09 and traded as high as $3.92. Xinyuan Real Estate shares last traded at $3.86, with a volume of 7,256 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Xinyuan Real Estate in a research note on Saturday. They set a “hold” rating for the company.

Xinyuan Real Estate Stock Performance

The firm’s 50 day moving average is $3.52 and its 200 day moving average is $3.09.

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.