Qingwei Ma Sells 91,660 Shares of China XD Plastics Company Ltd (NASDAQ:CXDC) Stock

China XD Plastics Company Ltd (NASDAQ:CXDC) COO Qingwei Ma sold 91,660 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $2.05, for a total transaction of $187,903.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of China XD Plastics stock traded up $0.02 on Friday, hitting $1.70. The company had a trading volume of 2,654 shares, compared to its average volume of 23,229. The business has a 50-day simple moving average of $1.97 and a 200-day simple moving average of $2.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.06 and a quick ratio of 0.57. The company has a market cap of $113.81 million, a PE ratio of 1.40 and a beta of 1.41. China XD Plastics Company Ltd has a 52 week low of $1.45 and a 52 week high of $3.27.

China XD Plastics (NASDAQ:CXDC) last issued its earnings results on Thursday, November 14th. The basic materials company reported $0.25 earnings per share for the quarter. The firm had revenue of $373.16 million during the quarter. China XD Plastics had a net margin of 5.45% and a return on equity of 10.10%.

Separately, ValuEngine upgraded shares of China XD Plastics from a “sell” rating to a “hold” rating in a report on Saturday, December 7th.

A hedge fund recently bought a new stake in China XD Plastics stock. Citadel Advisors LLC purchased a new stake in China XD Plastics Company Ltd (NASDAQ:CXDC) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,047 shares of the basic materials company’s stock, valued at approximately $29,000. 2.63% of the stock is currently owned by institutional investors.

About China XD Plastics

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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