Addentax Group (NASDAQ:ATXG) Issues Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data on Friday. The company reported ($0.19) earnings per share (EPS) for the quarter, Zacks reports. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Addentax Group Price Performance

Shares of NASDAQ:ATXG remained flat at $1.04 on Friday. The company’s stock had a trading volume of 44,611 shares, compared to its average volume of 41,864. Addentax Group has a 1 year low of $0.49 and a 1 year high of $1.44. The stock has a market cap of $4.47 million, a P/E ratio of -1.39 and a beta of 1.24. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $0.72 and its 200-day moving average price is $0.66.

Insider Activity at Addentax Group

In other Addentax Group news, CEO Hong Zhida bought 24,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the acquisition, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. This represents a 10.82 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have bought 27,195 shares of company stock valued at $29,169. Corporate insiders own 3.37% of the company’s stock.

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.