Addentax Group (NASDAQ:ATXG) Releases Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data on Monday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Addentax Group had a negative return on equity of 17.86% and a negative net margin of 182.28%.

Addentax Group Stock Performance

ATXG traded down $0.26 during trading on Monday, reaching $4.00. 5,260 shares of the stock were exchanged, compared to its average volume of 91,225. The stock has a market cap of $3.12 million, a P/E ratio of -0.31 and a beta of 0.48. Addentax Group has a twelve month low of $3.32 and a twelve month high of $19.50. The stock’s 50 day moving average price is $4.85 and its two-hundred day moving average price is $5.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Addentax Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Institutional Trading of Addentax Group

A number of large investors have recently added to or reduced their stakes in ATXG. Two Sigma Investments LP bought a new position in shares of Addentax Group in the 3rd quarter valued at about $29,000. Virtu Financial LLC bought a new stake in shares of Addentax Group in the 3rd quarter valued at about $31,000. Jane Street Group LLC bought a new stake in shares of Addentax Group in the 2nd quarter valued at about $29,000. Finally, DRW Securities LLC acquired a new stake in Addentax Group in the 4th quarter valued at about $129,000. Institutional investors and hedge funds 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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.