China XD Plastics Co. (CXDC) Trading Up 8.4%
China XD Plastics Co. (NASDAQ:CXDC)’s share price was up 8.4% during trading on Friday . The stock traded as high as $4.96 and last traded at $4.88, with a volume of 52,298 shares trading hands. The stock had previously closed at $4.50.
Separately, TheStreet downgraded China XD Plastics from a “hold” rating to a “sell” rating in a report on Friday, June 3rd.
The company has a market cap of $240.11 million and a P/E ratio of 4.60. The company’s 50-day moving average is $3.99 and its 200 day moving average is $3.46.
China XD Plastics (NASDAQ:CXDC) last issued its earnings results on Friday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter. The company had revenue of $277.10 million for the quarter, compared to the consensus estimate of $265.40 million. Analysts forecast that China XD Plastics Co. will post $1.73 EPS 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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