Xinyuan Real Estate (NYSE:XIN) Stock Crosses Above 200 Day Moving Average of $2.81

Xinyuan Real Estate Co., Ltd. (NYSE:XIN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.81 and traded as high as $2.84. Xinyuan Real Estate shares last traded at $2.76, with a volume of 8,944 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Xinyuan Real Estate in a research report on Friday. They set a “hold” rating for the company.

Xinyuan Real Estate Stock Up 0.2 %

The firm has a 50-day moving average price of $2.85 and a 200-day moving average price of $2.81. The company has a debt-to-equity ratio of 5.85, a quick ratio of 0.28 and a current ratio of 0.28.

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.