China XD Plastics Company is currently trading at $10.52 on volume of about 100,000 shares. The stock hit a high of $14.55 today and it is still up an impressive $3.48, or 49.43%, for the day. This company has been mentioned a couple times over the past few months in QualityStocks FREE Daily Newsletter. It was originally highlighted back on May 14, 2009 when China XD Plastics was trading for only $3.50 a share. Investors buying shares at that time have enjoyed a tripling of their investment.
China XD Plastics, through its wholly-owned subsidiary Harbin Xinda Macromolecule Material, develops, manufactures and distributes modified plastics for the automotive market in China. The company announced today that third quarter revenues and profits for the company were solid – up 62% and 46% respectively. China XD Plastics also announced that its shares will begin trading on the Nasdaq Global Market, effective November 27, 2009, under the same CXDC symbol.
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