China XD Plastics Co. (CXDC) Sees Unusually-High Trading Volume
China XD Plastics Co. (NASDAQ:CXDC) saw strong trading volume on Monday . 603,800 shares changed hands during trading, an increase of 911% from the previous session’s volume of 59,714 shares.The stock last traded at $5.29 and 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 stock has a market cap of $261.36 million and a price-to-earnings ratio of 4.50. The stock has a 50 day moving average of $4.72 and a 200-day moving average of $3.73.
China XD Plastics (NASDAQ:CXDC) last released its quarterly earnings data on Friday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $277.10 million for the quarter, compared to analysts’ expectations of $265.40 million. On average, equities research analysts predict 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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