Addentax Group (NASDAQ:ATXG) Releases Earnings Results

Addentax Group (NASDAQ:ATXG) released its quarterly earnings results on Friday. The company reported ($0.45) earnings per share (EPS) for the quarter, FiscalAI reports. Addentax Group had a negative return on equity of 18.12% and a negative net margin of 96.23%.

Addentax Group Trading Down 3.8%

Shares of ATXG traded down $0.01 during trading hours on Friday, reaching $0.37. 107,805 shares of the stock traded hands, compared to its average volume of 1,348,220. The company has a market cap of $4.34 million, a P/E ratio of -0.63 and a beta of 0.96. The company’s 50-day moving average price is $0.41 and its two-hundred day moving average price is $0.55. Addentax Group has a 52-week low of $0.28 and a 52-week high of $1.86.

Analysts Set New Price Targets

Several research analysts have issued reports on ATXG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Addentax Group in a research report on Wednesday, January 21st. 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, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Addentax Group

Large investors have recently made changes to their positions in the business. DRW Securities LLC bought a new stake in Addentax Group during the 4th quarter valued at approximately $129,000. Jane Street Group LLC purchased a new stake in Addentax Group during the 2nd quarter valued at approximately $29,000. Virtu Financial LLC bought a new stake in shares of Addentax Group during the third quarter valued at approximately $31,000. Finally, Two Sigma Investments LP purchased a new position in shares of Addentax Group in the third quarter worth $29,000. 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.