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

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

Xinyuan Real Estate Stock Performance

Shares of XIN opened at $2.66 on Thursday. The company’s 50 day simple moving average is $2.75 and its 200-day simple moving average is $3.16. Xinyuan Real Estate has a 12-month low of $2.24 and a 12-month 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.