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

StockNews.com assumed coverage on shares of Xinyuan Real Estate (NYSE:XIN) in a research note issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Xinyuan Real Estate Stock Down 2.7 %

Shares of NYSE XIN opened at $3.25 on Tuesday. The stock has a fifty day simple moving average of $3.82 and a 200-day simple moving average of $3.21. Xinyuan Real Estate has a twelve month low of $1.92 and a twelve month high of $7.05.

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.