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

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

Xinyuan Real Estate Price Performance

Shares of XIN opened at $3.99 on Monday. The company has a 50-day simple moving average of $2.89 and a two-hundred day simple moving average of $2.84. The company has a debt-to-equity ratio of 5.85, a quick ratio of 0.28 and a current ratio of 0.28. Xinyuan Real Estate has a one year low of $1.92 and a one year high of $4.26.

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.