China XD Plastics (NASDAQ:CXDC) issued its earnings results on Wednesday. The basic materials company reported $0.16 earnings per share for the quarter, Morningstar.com reports. The business had revenue of $301.47 million for the quarter. China XD Plastics had a net margin of 6.69% and a return on equity of 11.56%. China XD Plastics updated its FY 2019 guidance to EPS.
CXDC traded up $0.04 during trading on Thursday, reaching $2.40. 2,800 shares of the stock were exchanged, compared to its average volume of 27,400. The company has a market cap of $120.24 million, a price-to-earnings ratio of 1.79 and a beta of 2.01. China XD Plastics has a twelve month low of $1.28 and a twelve month high of $4.06. The company has a current ratio of 0.89, a quick ratio of 0.50 and a debt-to-equity ratio of 0.15.
A hedge fund recently bought a new stake in China XD Plastics stock. Virtu Financial LLC acquired a new stake in China XD Plastics Company Ltd (NASDAQ:CXDC) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 14,302 shares of the basic materials company’s stock, valued at approximately $25,000. 8.43% of the stock is currently owned by institutional investors.
About China XD Plastics
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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