Alex Hamilton Sells 23,095 Shares of Addentax Group (NASDAQ:ATXG) Stock

Addentax Group Corp. (NASDAQ:ATXG) Director Alex Hamilton sold 23,095 shares of Addentax Group stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $0.52, for a total value of $12,009.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Addentax Group Trading Up 0.9%

NASDAQ:ATXG traded up $0.00 during trading hours on Wednesday, hitting $0.45. The company had a trading volume of 8,413 shares, compared to its average volume of 706,387. Addentax Group Corp. has a 1 year low of $0.36 and a 1 year high of $1.86. The company has a market cap of $5.32 million, a P/E ratio of -0.77 and a beta of 0.94. The company has a 50-day moving average of $0.76 and a 200 day moving average of $0.67.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.11) earnings per share for the quarter. Addentax Group had a negative net margin of 96.23% and a negative return on equity of 18.12%. The firm had revenue of $0.82 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ATXG. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Addentax Group to a “hold” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Addentax Group has an average rating of “Sell”.

Hedge Funds Weigh In On Addentax Group

Several hedge funds have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Addentax Group during the second quarter worth approximately $29,000. Virtu Financial LLC purchased a new position in Addentax Group during the third quarter worth about $31,000. Finally, Two Sigma Investments LP purchased a new position in shares of Addentax Group during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 10.09% of the company’s stock.

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.