China XD Plastics Company Limited (CXDC) Releases Earnings Results

China XD Plastics Company Limited (NASDAQ:CXDC) released its quarterly earnings data on Wednesday. The basic materials company reported $0.43 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $313.56 million during the quarter. China XD Plastics Company Limited had a return on equity of 16.99% and a net margin of 8.18%.

Shares of China XD Plastics Company Limited (NASDAQ:CXDC) traded down 1.2194% during trading on Thursday, hitting $4.5933. The company had a trading volume of 601 shares. The stock’s 50-day moving average is $4.69 and its 200 day moving average is $4.65. China XD Plastics Company Limited has a 52-week low of $3.85 and a 52-week high of $5.88. The firm has a market capitalization of $227.42 million, a P/E ratio of 3.0279 and a beta of 2.46.

Separately, ValuEngine lowered China XD Plastics Company Limited from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its position in China XD Plastics Company Limited by 1.5% in the first quarter. Stifel Financial Corp now owns 1,422,669 shares of the basic materials company’s stock valued at $6,878,000 after buying an additional 21,260 shares in the last quarter. Renaissance Technologies LLC boosted its position in China XD Plastics Company Limited by 2.5% in the first quarter. Renaissance Technologies LLC now owns 625,959 shares of the basic materials company’s stock valued at $3,036,000 after buying an additional 15,059 shares in the last quarter. Stuyvesant Capital Management boosted its position in China XD Plastics Company Limited by 14.0% in the second quarter. Stuyvesant Capital Management now owns 127,972 shares of the basic materials company’s stock valued at $601,000 after buying an additional 15,750 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new position in China XD Plastics Company Limited during the first quarter valued at about $194,000. Finally, Spark Investment Management LLC boosted its position in China XD Plastics Company Limited by 26.3% in the second quarter. Spark Investment Management LLC now owns 26,900 shares of the basic materials company’s stock valued at $126,000 after buying an additional 5,600 shares in the last quarter. 11.38% of the stock is owned by hedge funds and other institutional investors.

China XD Plastics Company Limited Company Profile

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.

Earnings History for China XD Plastics Company Limited (NASDAQ:CXDC)

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