Addentax Group (NASDAQ:ATXG) Announces Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data on Monday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports. Addentax Group had a negative net margin of 182.28% and a negative return on equity of 17.86%.

Addentax Group Stock Down 6.0%

Shares of NASDAQ:ATXG traded down $0.26 during mid-day trading on Monday, reaching $4.00. 5,260 shares of the stock were exchanged, compared to its average volume of 91,225. The company has a market cap of $3.12 million, a P/E ratio of -0.31 and a beta of 0.48. Addentax Group has a one year low of $3.32 and a one year high of $19.50. The stock’s 50 day simple moving average is $4.85 and its 200-day simple moving average is $5.32.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Addentax Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Addentax Group

Institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP bought a new position in shares of Addentax Group during the 3rd quarter worth approximately $29,000. Virtu Financial LLC acquired a new position in Addentax Group during the third quarter worth $31,000. Jane Street Group LLC acquired a new position in Addentax Group during the second quarter worth $29,000. Finally, DRW Securities LLC acquired a new position in Addentax Group during the fourth quarter worth $129,000. Institutional investors own 10.09% of the company’s stock.

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.