Xinyuan Real Estate (NYSE:XIN) Now Covered by Analysts at StockNews.com

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

Xinyuan Real Estate Trading Down 3.4 %

XIN stock opened at $2.56 on Friday. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $7.05. The company’s 50 day simple moving average is $3.26 and its 200-day simple moving average is $3.17.

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.