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

StockNews.com started coverage on shares of Xinyuan Real Estate (NYSE:XINFree Report) in a report published on Saturday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Price Performance

Shares of XIN stock opened at $3.90 on Friday. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $4.33. The company’s fifty day simple moving average is $2.77 and its 200-day simple moving average is $2.74.

Xinyuan Real Estate Company Profile

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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.

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