Susquehanna International Group LLP Purchases New Stake in China XD Plastics Co Ltd (CXDC)
Susquehanna International Group LLP purchased a new stake in China XD Plastics Co Ltd (NASDAQ:CXDC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 59,541 shares of the basic materials company’s stock, valued at approximately $280,000. Susquehanna International Group LLP owned approximately 0.12% of China XD Plastics at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Parallax Volatility Advisers L.P. acquired a new stake in shares of China XD Plastics during the 2nd quarter worth about $305,000. Stuyvesant Capital Management raised its position in shares of China XD Plastics by 14.0% during the 2nd quarter. Stuyvesant Capital Management now owns 127,972 shares of the basic materials company’s stock worth $601,000 after acquiring an additional 15,750 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of China XD Plastics by 0.9% during the 3rd quarter. Stifel Financial Corp now owns 1,429,066 shares of the basic materials company’s stock worth $6,713,000 after acquiring an additional 12,090 shares in the last quarter. 11.17% of the stock is currently owned by institutional investors.
Shares of China XD Plastics Co Ltd (CXDC) opened at $4.65 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.78 and a current ratio of 1.10. China XD Plastics Co Ltd has a 12-month low of $3.85 and a 12-month high of $5.10. The firm has a market capitalization of $233.72, a PE ratio of 3.48 and a beta of 2.60.
China XD Plastics Company Limited (China XD) is a specialty chemical company. The Company is engaged in the research, development, manufacture and sale of modified plastics for automotive applications in China and to a lesser extent, in Dubai, the United Arab Emirates (UAE). The Company operates in the modified plastics segment.
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