China XD Plastics Company Ltd (NASDAQ:CXDC) CEO Jie Han purchased 554,923 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $2.05 per share, with a total value of $1,137,592.15. Following the completion of the transaction, the chief executive officer now directly owns 27,104,266 shares in the company, valued at approximately $55,563,745.30. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

NASDAQ CXDC opened at $1.70 on Friday. China XD Plastics Company Ltd has a 12 month low of $1.45 and a 12 month high of $3.27. The firm has a market capitalization of $113.81 million, a P/E ratio of 1.40 and a beta of 1.41. The business has a fifty day simple moving average of $1.97 and a 200 day simple moving average of $2.08. The company has a current ratio of 1.06, a quick ratio of 0.57 and a debt-to-equity ratio of 0.33.

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

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

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

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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