Shares of China XD Plastics (Nasdaq:CXDC) have taken a tremendous swing upward. The stock is trading at $5.29 as of 1:49 p.m. ET, 20.2% above Monday's closing price of $4.40. Volume is at 259,863, 2.8 times the daily average of 93,600.
NEW YORK ( TheStreet) -- Shares of China XD Plastics (Nasdaq: CXDC) have taken a tremendous swing upward. The stock is trading at $5.29 as of 1:49 p.m. ET, 20.2% above Monday's closing price of $4.40. Volume is at 259,863, 2.8 times the daily average of 93,600. China XD has a market cap of $253.8 million and is part of the consumer goods sector and consumer non-durables industry. Shares are down 17.6% year to date as of the close of trading on Monday. China XD Plastics Company Limited, through its subsidiary, Harbin Xinda Macromolecule Material Co., Ltd., engages in the development, manufacture, and distribution of modified plastics primarily for use in the production of automobile parts and components in the People's Republic of China. The company has a P/E ratio of 3.9, below the average consumer non-durables industry P/E ratio of 5.2 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates China XD as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full China XD Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.