Addentax Group (NASDAQ:ATXG) Issues Quarterly Earnings Results

Addentax Group (NASDAQ:ATXG) announced its earnings results on Friday. The company reported ($0.77) earnings per share (EPS) for the quarter, Zacks reports. Addentax Group had a negative net margin of 83.23% and a negative return on equity of 7.07%.

Addentax Group Stock Performance

Shares of NASDAQ ATXG traded up $0.23 during trading on Friday, hitting $4.19. The company had a trading volume of 3,352 shares, compared to its average volume of 77,917. The stock has a 50 day simple moving average of $4.01 and a 200 day simple moving average of $4.70. Addentax Group has a 12 month low of $2.91 and a 12 month high of $19.50. The firm has a market capitalization of $4.32 million, a P/E ratio of -0.33 and a beta of 0.49.

Institutional Investors Weigh In On Addentax Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Addentax Group during the 3rd quarter worth approximately $29,000. Virtu Financial LLC bought a new position in shares of Addentax Group in the third quarter worth approximately $31,000. Jane Street Group LLC purchased a new stake in shares of Addentax Group in the second quarter worth $29,000. Finally, DRW Securities LLC purchased a new stake in shares of Addentax Group in the fourth quarter worth $129,000. 10.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Addentax Group presently has a consensus rating of “Sell”.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.