Revenue Update on China XD Plastics Co Ltd(NASDAQ:CXDC)

China XD Plastics Co Ltd(NASDAQ:CXDC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Earnings per share were $0.51.

China XD Plastics Co Ltd (CXDC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.62% or 0.03 points. Due to strong positive momentum, the stock ended at $4.87, which is also near the day’s high of $4.88. The stock began the session at $4.8 and the volume stood at 6,710 shares. The 52-week high of the shares is $6.5 and the 52 week low is $2.53. The company has a current market capitalization of $241 M and it has 4,94,06,191 shares in outstanding.

China XD Plastics Company Limited (China XD) is a specialty chemical company engaged in the research development manufacture and sale of modified plastics primarily for automotive applications in China. Through the Company’s wholly owned subsidiary Heilongjiang Xinda Enterprise Group Company Limited (Xinda Group) China XD manufactures and sells modified plastics primarily for use in the fabrication of automobile parts and components and secondarily for applications in highspeed railway airplanes and ships. The Company’s products are organized into seven categories based on their physical characteristics: Modified polypropylene (PP) Modified acrylonitrile butadiene styrene (ABS) Modified PA Engineering Plastics Alloy Plastic Environmentally friendly plastics and Modified Plastic for Special Engineering.

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