Addentax Group (NASDAQ:ATXG) Releases Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data 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 Down 6.0%

Addentax Group stock traded down $0.26 during mid-day trading on Monday, hitting $4.00. 5,269 shares of the company were exchanged, compared to its average volume of 91,226. The company has a market capitalization of $3.12 million, a PE ratio of -0.31 and a beta of 0.48. The business has a fifty day moving average of $4.85 and a 200 day moving average of $5.32. Addentax Group has a 1-year low of $3.32 and a 1-year high of $19.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. DRW Securities LLC bought a new stake in Addentax Group during the 4th quarter worth approximately $129,000. Virtu Financial LLC bought a new position in Addentax Group in the 3rd quarter valued at $31,000. Two Sigma Investments LP bought a new position in Addentax Group in the 3rd quarter valued at $29,000. Finally, Jane Street Group LLC acquired a new position in Addentax Group in the second quarter worth $29,000. 10.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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