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 research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Performance

NYSE XIN opened at $2.89 on Tuesday. The firm’s fifty day moving average is $2.93 and its two-hundred day moving average is $3.18. Xinyuan Real Estate has a one year low of $2.18 and a one year high of $7.05.

Xinyuan Real Estate Company Profile

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.