Haoxin (NASDAQ:HXHX) Trading Up 0.9% – What’s Next?

Haoxin Holdings Limited (NASDAQ:HXHXGet Free Report)’s share price rose 0.9% during trading on Thursday . The stock traded as high as $0.51 and last traded at $0.4850. Approximately 22,025 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 41,021 shares. The stock had previously closed at $0.4805.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Haoxin in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Check Out Our Latest Research Report on HXHX

Haoxin Trading Down 2.5%

The stock has a 50 day moving average of $0.49 and a 200 day moving average of $0.50. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12.

Institutional Investors Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHXFree Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent SEC filing.

Haoxin Company Profile

(Get Free Report)

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.

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