Addentax Group (NASDAQ:ATXG) Posts Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) released its quarterly earnings results on Monday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Addentax Group had a negative return on equity of 17.86% and a negative net margin of 182.28%.

Addentax Group Stock Performance

Addentax Group stock opened at $4.00 on Tuesday. Addentax Group has a 52-week low of $3.32 and a 52-week high of $19.50. The stock’s 50 day moving average price is $4.81 and its two-hundred day moving average price is $5.30. The stock has a market capitalization of $3.12 million, a price-to-earnings ratio of -0.31 and a beta of 0.48.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Addentax Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ATXG. DRW Securities LLC bought a new stake in Addentax Group in the 4th quarter worth about $129,000. Jane Street Group LLC bought a new stake in Addentax Group during the second quarter worth $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group during the 3rd quarter valued at $31,000. Finally, Two Sigma Investments LP bought a new position in Addentax Group during the third quarter valued at $29,000. 10.09% of the stock is owned by institutional investors and hedge funds.

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.