China XD Plastics Company Ltd. (NASDAQ:CXDC)’s share price reached a new 52-week high and low during trading on Tuesday . The stock traded as low as $3.55 and last traded at $4.00, with a volume of 15700 shares trading hands. The stock had previously closed at $4.00.
The company has a current ratio of 1.04, a quick ratio of 0.74 and a debt-to-equity ratio of 0.16. The stock has a market cap of $196.43 million, a P/E ratio of 2.34 and a beta of 2.40.
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China XD Plastics (NASDAQ:CXDC) last released its quarterly earnings data on Thursday, March 15th. The basic materials company reported $0.90 EPS for the quarter. China XD Plastics had a net margin of 2.45% and a return on equity of 16.08%. The business had revenue of $427.63 million during the quarter.
Hedge funds have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its position in China XD Plastics by 60.0% during the fourth quarter. Deutsche Bank AG now owns 35,849 shares of the basic materials company’s stock valued at $164,000 after purchasing an additional 13,449 shares during the last quarter. Webster Bank N. A. bought a new position in China XD Plastics during the fourth quarter valued at $217,000. Finally, Renaissance Technologies LLC lifted its position in China XD Plastics by 5.7% during the fourth quarter. Renaissance Technologies LLC now owns 671,028 shares of the basic materials company’s stock valued at $3,087,000 after purchasing an additional 36,328 shares during the last quarter. Institutional investors and hedge funds own 11.15% of the company’s stock.
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.