Xinyuan Real Estate (NYSE:XIN) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note released on Friday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Xinyuan Real Estate Trading Down 9.2 %

Shares of NYSE:XIN opened at $2.27 on Friday. The firm’s fifty day moving average is $3.43 and its 200-day moving average is $3.17. Xinyuan Real Estate has a 52 week low of $1.92 and a 52 week 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.