Addentax Group (NASDAQ:ATXG) Issues Earnings Results

Addentax Group (NASDAQ:ATXG) issued its quarterly earnings data on Friday. The company reported ($0.77) EPS for the quarter, Zacks reports. Addentax Group had a negative return on equity of 7.07% and a negative net margin of 83.23%.

Addentax Group Trading Up 5.8%

Shares of ATXG stock traded up $0.23 during trading hours on Friday, reaching $4.19. 3,350 shares of the company’s stock were exchanged, compared to its average volume of 77,907. Addentax Group has a 1 year low of $2.91 and a 1 year high of $19.50. The stock has a market cap of $4.32 million, a PE ratio of -0.33 and a beta of 0.49. The stock’s fifty day moving average price is $4.01 and its two-hundred day moving average price is $4.70.

Institutional Trading of Addentax Group

Several large investors have recently bought and sold shares of ATXG. Jane Street Group LLC acquired a new position in Addentax Group during the 2nd quarter valued at approximately $29,000. Two Sigma Investments LP acquired a new stake in shares of Addentax Group during the third quarter worth $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group during the third quarter valued at $31,000. Finally, DRW Securities LLC purchased a new stake in shares of Addentax Group during the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 10.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Addentax Group Company Profile

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.