China XD Plastics Co. (NASDAQ:CXDC)’s share price rose 8.4% on Friday . The company traded as high as $4.96 and last traded at $4.88, with a volume of 52,298 shares traded. The stock had previously closed at $4.50.

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

The company has a market cap of $240.11 million and a price-to-earnings ratio of 4.60. The firm has a 50-day moving average price of $3.94 and a 200-day moving average price of $3.45.

China XD Plastics (NASDAQ:CXDC) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.51 earnings per share for the quarter. The company earned $277.10 million during the quarter, compared to analyst estimates of $265.40 million. On average, analysts predict that China XD Plastics Co. will post $1.73 EPS for the current fiscal 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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