Addentax Group (NASDAQ:ATXG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Addentax Group (NASDAQ:ATXG) to a hold rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Addentax Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Addentax Group Trading Down 5.1%

NASDAQ:ATXG opened at $0.47 on Friday. Addentax Group has a 1-year low of $0.36 and a 1-year high of $1.86. The business’s 50-day moving average price is $0.78 and its two-hundred day moving average price is $0.69. The company has a current ratio of 6.12, a quick ratio of 6.09 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $5.47 million, a price-to-earnings ratio of -0.67 and a beta of 0.95.

Addentax Group (NASDAQ:ATXG) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) EPS for the quarter. The business had revenue of $0.98 million for the quarter. Addentax Group had a negative return on equity of 17.87% and a negative net margin of 98.96%.

Institutional Investors Weigh In On Addentax Group

An institutional investor recently bought a new position in Addentax Group stock. Jane Street Group LLC bought a new stake in shares of Addentax Group Corp. (NASDAQ:ATXG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 43,476 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned approximately 0.43% of Addentax Group at the end of the most recent reporting period. 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.