China XD Plastics (CXDC) Getting Somewhat Favorable Press Coverage, Report Shows

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Headlines about China XD Plastics (NASDAQ:CXDC) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China XD Plastics earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave media headlines about the basic materials company an impact score of 47.5279557235707 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern’s rankings:

China XD Plastics traded up $0.15, reaching $3.60, during mid-day trading on Friday, reports. 29,500 shares of the company were exchanged, compared to its average volume of 11,383. The company has a quick ratio of 0.66, a current ratio of 1.08 and a debt-to-equity ratio of 0.19. The firm has a market cap of $171.56 million, a P/E ratio of 1.91 and a beta of 2.48. China XD Plastics has a 12-month low of $3.13 and a 12-month high of $5.00.

China XD Plastics (NASDAQ:CXDC) last posted its earnings results on Thursday, May 10th. The basic materials company reported $0.29 earnings per share for the quarter. The company had revenue of $310.45 million during the quarter. China XD Plastics had a return on equity of 16.37% and a net margin of 2.93%.

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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