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

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

Xinyuan Real Estate Trading Down 9.2 %

Shares of Xinyuan Real Estate stock opened at $2.27 on Friday. Xinyuan Real Estate has a 52-week low of $1.92 and a 52-week high of $7.05. The company has a 50 day moving average of $3.43 and a 200 day moving average of $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.