Research analysts at StockNews.com began coverage on shares of Xinyuan Real Estate (NYSE:XIN – Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.
Xinyuan Real Estate Stock Performance
Xinyuan Real Estate stock opened at $3.39 on Friday. Xinyuan Real Estate has a 52-week low of $1.92 and a 52-week high of $4.33. The firm has a 50 day moving average price of $2.83 and a two-hundred day moving average price of $2.76.
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.
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