Haoxin (NASDAQ:HXHX) Stock Price Down 3% – What’s Next?

Haoxin Holdings Limited (NASDAQ:HXHX) shares traded down 3% during trading on Friday. The stock traded as low as $0.35 and last traded at $0.3880. 16,609,899 shares changed hands during mid-day trading, an increase of 1,453% from the average session volume of 1,069,686 shares. The stock had previously closed at $0.40.

Analyst Upgrades and Downgrades

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

Haoxin Stock Performance

The company has a 50-day moving average of $0.47 and a 200 day moving average of $0.49.

Haoxin Company Profile

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.