China XD Plastics Co. (NASDAQ:CXDC)’s share price shot up 19.4% during mid-day trading on Wednesday . The company traded as high as $4.58 and last traded at $4.50, with a volume of 121,259 shares traded. The stock had previously closed at $3.77.

Separately, TheStreet lowered shares of China XD Plastics from a “hold” rating to a “sell” rating in a report on Friday, June 3rd.

The company’s 50 day moving average is $3.58 and its 200-day moving average is $3.38. The stock has a market capitalization of $230.23 million and a PE ratio of 4.41.

China XD Plastics (NASDAQ:CXDC) last released its quarterly earnings data on Tuesday, May 10th. The company reported $0.17 earnings per share (EPS) for the quarter. The firm earned $215 million during the quarter, compared to analysts’ expectations of $221.90 million. Equities research analysts forecast 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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