China XD Plastics Co. (CXDC) Shares Up 3.2%
China XD Plastics Co. (NASDAQ:CXDC) shot up 3.2% during mid-day trading on Tuesday . The stock traded as high as $4.88 and last traded at $4.88, with a volume of 55,670 shares changing hands. The stock had previously closed at $4.73.
Separately, TheStreet lowered China XD Plastics from a “hold” rating to a “sell” rating in a report on Friday, June 3rd.
The stock’s 50 day moving average is $4.32 and its 200 day moving average is $3.57. The stock has a market capitalization of $241.60 million and a price-to-earnings ratio of 4.16.
China XD Plastics (NASDAQ:CXDC) last released its quarterly earnings data on Friday, August 5th. The company reported $0.51 EPS for the quarter. The company earned $277.10 million during the quarter, compared to the consensus estimate of $265.40 million. Equities research 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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