Addentax Group (NASDAQ:ATXG) Trading Up 0.3% – Still a Buy?

Addentax Group Corp. (NASDAQ:ATXG) rose 0.3% during trading on Friday . The stock traded as high as $0.92 and last traded at $0.89. Approximately 2,271 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 56,670 shares. The stock had previously closed at $0.89.

Addentax Group Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 8.64 and a quick ratio of 8.59. The company’s 50 day moving average is $0.84 and its 200 day moving average is $0.69. The stock has a market cap of $3.84 million, a price-to-earnings ratio of -3.19 and a beta of 0.85.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Friday, February 14th. The company reported ($0.19) EPS for the quarter. Addentax Group had a negative net margin of 47.57% and a negative return on equity of 8.64%. The company had revenue of $1.06 million during the quarter.

Insider Activity at Addentax Group

In other Addentax Group news, CEO Hong Zhida bought 24,000 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the completion of the transaction, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. The trade was a 10.82 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 27,195 shares of company stock worth $29,169 over the last 90 days. Company insiders own 3.37% 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.