Addentax Group (NASDAQ:ATXG) Stock Price Down 4.5% – What’s Next?

Addentax Group Corp. (NASDAQ:ATXG)’s stock price traded down 4.5% on Friday . The stock traded as low as $1.02 and last traded at $1.06. 325,878 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 1,179,726 shares. The stock had previously closed at $1.11.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ATXG shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Addentax Group in a research note on Saturday, September 27th. Wall Street Zen raised Addentax Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Addentax Group Trading Down 4.5%

The stock has a market cap of $12.42 million, a P/E ratio of -1.51 and a beta of 0.97. 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 stock’s fifty day moving average price is $0.64 and its 200 day moving average price is $0.68.

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

Institutional Trading of Addentax Group

An institutional investor recently bought a new position in Addentax Group stock. Jane Street Group LLC bought a new position in Addentax Group Corp. (NASDAQ:ATXG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 quarter. 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.