Addentax Group (NASDAQ:ATXG) Releases Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data on Friday. The company reported ($0.77) earnings per share (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 Trading Up 5.8%

ATXG traded up $0.23 on Friday, reaching $4.19. The stock had a trading volume of 3,350 shares, compared to its average volume of 77,907. The business’s 50-day moving average price is $4.01 and its two-hundred day moving average price is $4.70. The company has a market cap of $4.32 million, a P/E 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.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Addentax Group

A number of institutional investors have recently modified their holdings of ATXG. Two Sigma Investments LP purchased a new position in shares of Addentax Group in the 3rd quarter valued at about $29,000. Virtu Financial LLC purchased a new position in Addentax Group during the third quarter worth approximately $31,000. Jane Street Group LLC purchased a new position in Addentax Group during the second quarter worth approximately $29,000. Finally, DRW Securities LLC purchased a new position in Addentax Group during the fourth quarter worth approximately $129,000. 10.09% of the stock is currently owned by institutional investors and hedge funds.

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.