Addentax Group (NASDAQ:ATXG – Get Free Report) posted its earnings results on Friday. The company reported ($0.19) earnings per share for the quarter, Zacks reports. Addentax Group had a negative return on equity of 7.74% and a negative net margin of 74.33%.
Addentax Group Trading Up 6.6 %
Shares of Addentax Group stock traded up $0.07 during trading on Friday, hitting $1.11. The company’s stock had a trading volume of 45,644 shares, compared to its average volume of 41,867. The company has a debt-to-equity ratio of 0.13, a current ratio of 11.54 and a quick ratio of 11.46. Addentax Group has a 52 week low of $0.49 and a 52 week high of $1.44. The stock has a market cap of $4.77 million, a price-to-earnings ratio of -1.48 and a beta of 1.24. The stock has a 50-day moving average price of $0.72 and a two-hundred day moving average price of $0.66.
Insider Buying and Selling
In other Addentax Group news, CEO Hong Zhida acquired 24,000 shares of Addentax Group stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $1.09 per share, with a total value of $26,160.00. Following the completion of the purchase, the chief executive officer now directly owns 245,894 shares in the company, valued at $268,024.46. This trade represents a 10.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have acquired a total of 27,195 shares of company stock valued at $29,169 over the last 90 days. 3.37% of the stock is owned by insiders.
About Addentax Group
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.
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