Zhiwang Hong Buys 218,750 Shares of Addentax Group (NASDAQ:ATXG) Stock

Addentax Group Corp. (NASDAQ:ATXG) Director Zhiwang Hong acquired 218,750 shares of Addentax Group stock in a transaction that occurred on Tuesday, August 18th. The shares were bought at an average cost of $4.80 per share, with a total value of $1,050,000.00. Following the transaction, the director owned 225,174 shares in the company, valued at $1,080,835.20. This represents a 3,405.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Addentax Group Price Performance

Shares of NASDAQ:ATXG traded up $0.24 during trading on Wednesday, hitting $4.25. The company’s stock had a trading volume of 36,912 shares, compared to its average volume of 76,697. The firm has a market cap of $4.39 million, a price-to-earnings ratio of -1.09 and a beta of 0.49. The company has a 50-day moving average of $3.97 and a 200-day moving average of $4.68. Addentax Group Corp. has a 12 month low of $2.91 and a 12 month high of $19.50.

Addentax Group (NASDAQ:ATXG) last posted its quarterly earnings data on Friday, August 14th. The company reported $2.93 earnings per share for the quarter. The firm had revenue of $3.44 million for the quarter. Addentax Group had a negative return on equity of 8.25% and a negative net margin of 21.48%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new stake in Addentax Group during the second quarter worth $29,000. Two Sigma Investments LP acquired a new stake in Addentax Group in the third quarter valued at approximately $29,000. Virtu Financial LLC purchased a new stake in shares of Addentax Group in the third quarter valued at approximately $31,000. Finally, DRW Securities LLC purchased a new stake in shares of Addentax Group in the fourth quarter valued at approximately $129,000. 10.09% of the stock is currently owned by hedge funds and other 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.