Addentax Group (NASDAQ:ATXG) Announces Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) announced 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%

NASDAQ ATXG opened at $4.19 on Friday. The business’s 50 day moving average is $3.99 and its two-hundred day moving average is $4.70. The stock has a market capitalization of $4.32 million, a price-to-earnings ratio of -1.03 and a beta of 0.49. Addentax Group has a 12-month low of $2.91 and a 12-month high of $19.50.

Institutional Trading of Addentax Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. DRW Securities LLC purchased a new position in Addentax Group in the fourth quarter valued at about $129,000. Jane Street Group LLC acquired a new stake in shares of Addentax Group during the 2nd quarter valued at approximately $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group during the 3rd quarter worth approximately $31,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Addentax Group during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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