2400.HK (2400.HK) Stock

About 2400.HK

XD Inc., an investment holding company, develops, publishes, operates, and distributes mobile and web games in Mainland China and internationally. It operates through Games and TapTap platform segments. The company operates TapTap, a game community and platform that provides online marketing services to game developers, and game publishers or their agents, as well as provides information services. Its game portfolio comprises online games and premium games. In addition, the company is involved in the catering business and invests in game development entities. XD Inc. was founded in 2011 and is headquartered in Shanghai, the People's Republic of China.

2400.HK is led by CEO Yi Meng Huang, employs 1,554 people, headquartered in Shanghai, CN, publicly traded since 2019.

2400.HK stock trades at $43.20 with a market capitalization of $20.56B. The stock is valued at a price-to-earnings (P/E) ratio of 12.10, price-to-book of 4.71, price-to-sales of 3.57. Over the past 52 weeks the stock has ranged between $40.10 and $92.45, and currently trades 53.3% below its 52-week high. It pays a dividend yielding 0.76%.

On profitability, 2400.HK generates a return on equity (ROE) of 49.00% — well above the market average, a sign of a high-quality business, an operating margin of 30.41%, a net profit margin of 26.64%.

The balance sheet shows a debt-to-equity ratio of 0.03 — a conservative balance sheet with little leverage risk, a current ratio of 3.97.

2400.HK has an average daily trading volume of 3,384,887 shares, a beta of 1.75 (more volatile than the overall market), 0.48B shares outstanding.

Official website: 2400.hk