Haoxin (NASDAQ:HXHX) Posts Earnings Results

Haoxin (NASDAQ:HXHX) announced its quarterly earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. The company had revenue of $7.60 million for the quarter.

Haoxin Trading Up 3.7%

Shares of NASDAQ HXHX traded up $0.02 during midday trading on Thursday, hitting $0.59. The company’s stock had a trading volume of 53,688 shares, compared to its average volume of 527,311. The business’s fifty day simple moving average is $0.52 and its two-hundred day simple moving average is $0.61. Haoxin has a 1 year low of $0.33 and a 1 year high of $2.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned 0.20% of Haoxin as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Haoxin in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Haoxin

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.