Addentax Group (NASDAQ:ATXG) Announces Earnings Results

Addentax Group (NASDAQ:ATXG) posted its quarterly earnings data on Friday. The company reported ($0.19) EPS for the quarter, Zacks reports. Addentax Group had a negative return on equity of 7.74% and a negative net margin of 74.33%.

Addentax Group Price Performance

NASDAQ ATXG opened at $1.10 on Friday. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13. The company has a fifty day moving average of $0.73 and a two-hundred day moving average of $0.66. Addentax Group has a 52 week low of $0.49 and a 52 week high of $1.44.

Insiders Place Their Bets

In other news, CEO Hong Zhida acquired 24,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $1.09 per share, with a total value of $26,160.00. Following the completion of the purchase, the chief executive officer now directly owns 245,894 shares of the company’s stock, valued at $268,024.46. This represents a 10.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders bought 27,195 shares of company stock valued at $29,169 over the last three months. 3.37% of the stock is owned by company insiders.

About Addentax Group

Addentax Group Corp., together with its subsidiaries, operates as a logistic service provider in China. It operates through three segments: Garment Manufacturing, Logistics Services, and Property Management and Subleasing. The company manufactures and distributes garments; and provides logistic services, such as storage, transportation, warehousing, handling, packaging, and order processing, as well as customs declaration and tax clearance services.