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China XD Plastics (CXDC) [hlAlert]

down 25.32 %

China XD Plastics (CXDC) rated Buy by Merriman

Posted on: Monday,  Dec 14, 2009  8:25 AM ET by Merriman

Merriman rated Buy China XD Plastics (NASDAQ: CXDC) on 12/14/2009, when the stock price was $7.78. Since
then, China XD Plastics has lost 25.32% as of 10/29/2015's recent price of $5.81.
If you would have followed this Merriman's recommendation on CXDC, you would have lost 25.32% of your investment in 2145 days.

China XD Plastics Co Ltd. (China XD), formerly NB Telecom, Inc., is a Chinese manufacturer of modified plastics for automotive applications. China XD is engaged in the development, manufacturing and distribution of modified plastics primarily for use in the automotive applications. China XD, through its wholly owned subsidiary, Harbin Xinda Macromolecule Material Co., Ltd. (Xinda), develops, manufactures, and distributes modified plastics. The Company's plastics are used in the exterior and interior trim and in the functional components of more than 30 automobile brands manufactured in China, including Audi, Red Flag, Volkswagen and Mazda. Xinda manufactures approximately 145 types of automobile-specific modified plastic products. On December 24, 2008, China XD acquired Favor Sea Limited, a British Virgin Islands corporation, through China XD Plastics Company Limited, wholly owned by the Company.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/14/2009 8:25 AM Buy
as of 12/31/2009
1 Week down  -17.12 %
1 Month down  -20.84 %
3 Months   
1 YTD down  -20.84 %

(*) Stock Price at the time of the recommendation.
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