Addentax Group (NASDAQ:ATXG) Posts Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) announced its earnings results 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 Stock Up 5.8%

ATXG stock opened at $4.19 on Friday. The company has a 50 day moving average of $3.99 and a two-hundred day moving average of $4.70. The company has a market cap of $4.32 million, a price-to-earnings ratio of -0.33 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

Institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP purchased a new stake in shares of Addentax Group during the 3rd quarter worth about $29,000. Virtu Financial LLC acquired a new position in Addentax Group in the third quarter worth approximately $31,000. Jane Street Group LLC bought a new position in Addentax Group during the second quarter valued at approximately $29,000. Finally, DRW Securities LLC acquired a new stake in Addentax Group in the fourth quarter valued at approximately $129,000. Institutional investors and hedge funds own 10.09% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of 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 data from MarketBeat, the company 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.