China XD Plastics (NASDAQ:CXDC) Downgraded by ValuEngine

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ValuEngine downgraded shares of China XD Plastics (NASDAQ:CXDC) from a buy rating to a hold rating in a research report released on Friday, ValuEngine reports.

CXDC stock traded down $0.05 during trading on Friday, hitting $1.96. The stock had a trading volume of 29,500 shares, compared to its average volume of 23,417. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.02 and a quick ratio of 0.53. China XD Plastics has a twelve month low of $1.28 and a twelve month high of $3.27. The stock has a market capitalization of $102.41 million, a P/E ratio of 1.66 and a beta of 1.47. The company’s 50-day moving average price is $2.11 and its two-hundred day moving average price is $2.14.

An institutional investor recently bought a new position in China XD Plastics stock. Citadel Advisors LLC bought a new position in shares of China XD Plastics Company Ltd (NASDAQ:CXDC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 14,047 shares of the basic materials company’s stock, valued at approximately $29,000. Institutional investors own 3.59% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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