China XD Plastics Co. (CXDC) Stock Price Up 19.4%
China XD Plastics Co. (NASDAQ:CXDC)’s share price rose 19.4% during trading on Wednesday . The stock traded as high as $4.58 and last traded at $4.50, with a volume of 121,259 shares changing hands. The stock had previously closed at $3.77.
Separately, TheStreet cut shares of China XD Plastics from a “hold” rating to a “sell” rating in a research report on Friday, June 3rd.
The stock has a 50-day moving average price of $3.52 and a 200-day moving average price of $3.36. The company has a market capitalization of $224.80 million and a price-to-earnings ratio of 4.31.
China XD Plastics (NASDAQ:CXDC) last issued its earnings results on Tuesday, May 10th. The company reported $0.17 earnings per share for the quarter. The business had revenue of $215 million for the quarter, compared to the consensus estimate of $221.90 million. On average, equities analysts anticipate that China XD Plastics Co. will post $1.73 earnings per share for the current year.
China XD Plastics Company Limited (China XD) is a specialty chemical company. The Company is engaged in the research, development, manufacture and sale of modified plastics for automotive applications in China and to a lesser extent, in Dubai, the United Arab Emirates (UAE). The Company operates in the modified plastics segment.
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