Addentax Group Stock Scheduled to Reverse Split on Monday, March 30th (NASDAQ:ATXG)

Addentax Group Corp. (NASDAQ:ATXG) shares are scheduled to reverse split on Monday, March 30th. The 1-15 reverse split was announced on Thursday, March 26th. The number of shares owned by shareholders will be adjusted after the market closes on Friday, March 27th.

Addentax Group Price Performance

Shares of ATXG stock traded down $0.06 during trading hours on Thursday, reaching $0.31. The company had a trading volume of 480,330 shares, compared to its average volume of 1,754,359. Addentax Group has a 1-year low of $0.22 and a 1-year high of $1.86. The firm has a market cap of $3.62 million, a price-to-earnings ratio of -0.36 and a beta of 0.90. The company has a 50 day moving average of $0.34 and a 200 day moving average of $0.52.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Addentax Group in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Addentax Group has an average rating of “Sell”.

Hedge Funds Weigh In On Addentax Group

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

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.