Insider Selling: Addentax Group (NASDAQ:ATXG) Director Sells $12,009.40 in Stock

Addentax Group Corp. (NASDAQ:ATXG) Director Alex Hamilton sold 23,095 shares of the stock in a transaction on Monday, September 8th. The shares were sold at an average price of $0.52, for a total transaction of $12,009.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Addentax Group Trading Down 1.2%

ATXG stock opened at $0.42 on Friday. The stock has a market cap of $4.87 million, a PE ratio of -0.70 and a beta of 0.94. Addentax Group Corp. has a 12 month low of $0.36 and a 12 month high of $1.86. The company has a 50-day moving average price of $0.74 and a 200 day moving average price of $0.66.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.11) earnings per share (EPS) for the quarter. Addentax Group had a negative return on equity of 18.12% and a negative net margin of 96.23%.The firm had revenue of $0.82 million during the quarter.

Hedge Funds Weigh In On Addentax Group

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC purchased a new stake in Addentax Group in the second quarter worth about $29,000. Two Sigma Investments LP purchased a new position in Addentax Group during the 3rd quarter valued at about $29,000. Finally, Virtu Financial LLC bought a new stake in shares of Addentax Group in the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 10.09% of the company’s stock.

Wall Street Analyst Weigh In

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

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.