China XD Plastics Co. (NASDAQ:CXDC) shares rose 8% during mid-day trading on Friday . The company traded as high as $5.88 and last traded at $5.24, with a volume of 568,111 shares trading hands. The stock had previously closed at $4.85.

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

The stock’s 50-day moving average price is $4.72 and its 200 day moving average price is $3.73. The firm has a market capitalization of $261.36 million and a P/E ratio of 4.50.

China XD Plastics (NASDAQ:CXDC) last released its quarterly earnings results on Friday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $277.10 million for the quarter, compared to analysts’ expectations of $265.40 million. Equities 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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