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China XD Plastics (NASDAQ:CXDC)’s share price hit a new 52-week high on Friday , AmericanBankingNews.com reports. The company traded as high as $6.24 and last traded at $6.13, with a volume of 231,622 shares. The stock had previously closed at $5.77.

Separately, analysts at TheStreet downgraded shares of China XD Plastics from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

The stock’s 50-day moving average is $5.10 and its 200-day moving average is $4.90. The company has a market cap of $293.0 million and a P/E ratio of 2.78.

China XD Plastics Company Limited (NASDAQ:CXDC) is a manufacturer and developer of modified plastics.

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