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

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

Xinyuan Real Estate Price Performance

NYSE XIN opened at $2.64 on Friday. Xinyuan Real Estate has a 12 month low of $1.92 and a 12 month high of $4.26. The company has a debt-to-equity ratio of 5.85, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s 50 day moving average is $2.87 and its 200 day moving average is $2.82.

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.