China XD Plastics (NASDAQ:CXDC) Share Price Passes Above 200-Day Moving Average of $2.31

China XD Plastics Company Ltd (NASDAQ:CXDC)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.31 and traded as high as $2.20. China XD Plastics shares last traded at $2.20, with a volume of 100 shares.

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 business has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $2.31. The stock has a market cap of $111.59 million, a price-to-earnings ratio of 1.60 and a beta of 1.64.

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

A hedge fund recently bought a new stake in China XD Plastics stock. Citadel Advisors LLC bought a new position in China XD Plastics Company Ltd (NASDAQ:CXDC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 14,047 shares of the basic materials company’s stock, valued at approximately $29,000. Institutional investors and hedge funds own 7.71% 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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