China XD Plastics (NASDAQ:CXDC) Share Price Passes Above Two Hundred Day Moving Average of $2.23
Shares of China XD Plastics Company Ltd (NASDAQ:CXDC) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.23 and traded as high as $2.04. China XD Plastics shares last traded at $1.99, with a volume of 6,028 shares traded.
Separately, ValuEngine raised shares of China XD Plastics from a “sell” rating to a “hold” rating in a research note on Thursday, September 5th.
The firm has a market cap of $103.63 million, a PE ratio of 1.48 and a beta of 1.52. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.53. The business’s 50 day moving average price is $2.08 and its 200 day moving average price is $2.23.
An institutional investor recently raised its position in China XD Plastics stock. Deutsche Bank AG boosted its holdings in shares of China XD Plastics Company Ltd (NASDAQ:CXDC) by 134.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.11% of China XD Plastics worth $101,000 at the end of the most recent reporting period. 7.39% of the stock is currently owned by institutional investors and hedge funds.
China XD Plastics Company Profile (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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