China XD Plastics (NASDAQ:CXDC) Stock Crosses Above 200-Day Moving Average of $2.18

China XD Plastics Company Ltd (NASDAQ:CXDC)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.18 and traded as high as $2.23. China XD Plastics shares last traded at $2.17, with a volume of 26,479 shares trading hands.

Separately, ValuEngine upgraded shares of China XD Plastics from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th.

The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.53 and a current ratio of 1.02. The stock has a market cap of $111.38 million, a PE ratio of 1.60 and a beta of 1.44. The company’s 50 day simple moving average is $2.11 and its 200 day simple moving average is $2.18.

China XD Plastics (NASDAQ:CXDC) last posted its quarterly earnings data on Wednesday, August 14th. The basic materials company reported $0.60 EPS for the quarter. China XD Plastics had a net margin of 6.38% and a return on equity of 11.96%. The firm had revenue of $463.07 million during the quarter.

A hedge fund recently bought a new stake in China XD Plastics stock. Citadel Advisors LLC purchased a new position in shares of China XD Plastics Company Ltd (NASDAQ:CXDC) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 14,047 shares of the basic materials company’s stock, valued at approximately $29,000. Hedge funds and other institutional investors own 3.61% of the company’s stock.

About China XD Plastics (NASDAQ:CXDC)

China XD Plastics Company Limited, together with its subsidiaries, engages in the research, development, manufacture, and sale of modified plastics primarily for automotive applications in the People's Republic of China and Dubai, the United Arab Emirates. Its modified plastics are used to fabricate various auto components, including exteriors consisting of automobile bumpers, rearview and sideview mirrors, and license plate parts; interiors, such as door panels, dashboards, steering wheels, glove compartments, and safety belt components; and functional components comprising air conditioner casings, heating and ventilation casings, engine covers, and air ducts.

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