China XD Plastics (NASDAQ:CXDC) Issues Quarterly Earnings Results

China XD Plastics (NASDAQ:CXDC) announced its earnings results on Wednesday. The basic materials company reported $0.60 EPS for the quarter, Morningstar.com reports. China XD Plastics had a return on equity of 10.43% and a net margin of 6.10%. The firm had revenue of $463.07 million for the quarter. China XD Plastics updated its FY 2019 guidance to EPS.

NASDAQ:CXDC traded down $0.04 during midday trading on Thursday, hitting $2.16. 105 shares of the stock were exchanged, compared to its average volume of 12,544. China XD Plastics has a one year low of $1.28 and a one year high of $4.06. The company has a market cap of $101.39 million, a P/E ratio of 1.69 and a beta of 1.64. The company’s 50-day moving average price is $2.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.96 and a quick ratio of 0.47.

An institutional investor recently raised its position in China XD Plastics stock. Deutsche Bank AG grew its position in China XD Plastics Company Ltd (NASDAQ:CXDC) by 134.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,600 shares of the basic materials company’s stock after acquiring an additional 33,000 shares during the period. Deutsche Bank AG owned about 0.11% of China XD Plastics worth $101,000 at the end of the most recent quarter. 7.76% of the stock is currently owned by institutional investors.

China XD Plastics Company Profile

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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Earnings History for China XD Plastics (NASDAQ:CXDC)

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