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

StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a report issued on Wednesday morning. The firm issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Trading Up 0.7 %

XIN opened at $2.73 on Wednesday. Xinyuan Real Estate has a fifty-two week low of $1.92 and a fifty-two week high of $6.51. The firm’s fifty day moving average price is $2.72 and its two-hundred day moving average price is $2.74.

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.