China XD Plastics Co. (CXDC) Trading 8% Higher
China XD Plastics Co. (NASDAQ:CXDC)’s share price traded up 8% on Friday . The company traded as high as $5.88 and last traded at $5.24, with a volume of 568,111 shares traded. The stock had previously closed at $4.85.
Separately, TheStreet raised shares of China XD Plastics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 24th.
The firm has a market cap of $261.36 million and a P/E ratio of 4.50. The stock’s 50-day moving average is $4.70 and its 200 day moving average is $3.71.
China XD Plastics (NASDAQ:CXDC) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.51 earnings per share for the quarter. The company had revenue of $277.10 million for the quarter, compared to analysts’ expectations of $265.40 million. On average, equities research analysts expect that China XD Plastics Co. will post $1.73 earnings per share 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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