Addentax Group (NASDAQ:ATXG) Announces Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) released its quarterly earnings results on Friday. The company reported ($0.11) EPS for the quarter, Zacks reports. The company had revenue of $0.82 million during the quarter. Addentax Group had a negative net margin of 98.96% and a negative return on equity of 17.87%.

Addentax Group Stock Down 1.7%

Shares of NASDAQ:ATXG opened at $0.46 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 6.09 and a current ratio of 6.12. Addentax Group has a 52-week low of $0.36 and a 52-week high of $1.86. The business’s 50 day simple moving average is $0.76 and its two-hundred day simple moving average is $0.67. The firm has a market cap of $5.42 million, a P/E ratio of -0.78 and a beta of 0.94.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ATXG shares. Wall Street Zen raised Addentax Group to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Hedge Funds Weigh In On Addentax Group

Large investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Addentax Group in the 2nd quarter worth about $29,000. Virtu Financial LLC purchased a new position in Addentax Group during the third quarter worth about $31,000. Finally, Two Sigma Investments LP bought a new position in shares of Addentax Group during the 3rd quarter worth approximately $29,000. 10.09% of the stock is currently owned by institutional investors.

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.