Haoxin (NASDAQ:HXHX) Announces Earnings Results

Haoxin (NASDAQ:HXHXGet Free Report) announced its earnings results on Thursday. The company reported $0.08 earnings per share for the quarter, FiscalAI reports. The firm had revenue of $7.60 million during the quarter.

Haoxin Trading Down 1.8%

Shares of NASDAQ HXHX traded down $0.01 during midday trading on Friday, reaching $0.58. The company had a trading volume of 8,990 shares, compared to its average volume of 1,523,969. Haoxin has a 1 year low of $0.33 and a 1 year high of $2.11. The business’s 50-day simple moving average is $0.52 and its 200 day simple moving average is $0.61.

Hedge Funds Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc purchased a new stake in shares of Haoxin Holdings Limited (NASDAQ:HXHXFree Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin as of its most recent filing with the SEC.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Haoxin in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Get Our Latest Stock Analysis on Haoxin

Haoxin Company Profile

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We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.

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