Analysts at StockNews.com initiated coverage on shares of Xinyuan Real Estate (NYSE:XIN – Get Free Report) in a research note issued on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.
Xinyuan Real Estate Stock Up 2.0 %
Shares of XIN stock opened at $3.05 on Friday. The stock has a 50-day moving average of $2.91 and a 200-day moving average of $2.77. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 5.85. Xinyuan Real Estate has a one year low of $1.92 and a one year high of $4.26.
Xinyuan Real Estate Company Profile
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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Read More: StockNews.com Initiates Coverage on Xinyuan Real Estate (NYSE:XIN)
