Haoxin (NASDAQ:HXHX) Trading Down 8% – Time to Sell?

Haoxin Holdings Limited (NASDAQ:HXHX)’s stock price was down 8% during mid-day trading on Tuesday . The company traded as low as $0.4633 and last traded at $0.5058. Approximately 393,944 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 4,477,530 shares. The stock had previously closed at $0.5498.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Haoxin Trading Up 2.5%

The firm’s fifty day moving average price is $0.52 and its two-hundred day moving average price is $0.52. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.12.

Haoxin (NASDAQ:HXHX) last issued its earnings results on Thursday, April 30th. The company reported $0.08 EPS for the quarter. The firm had revenue of $7.60 million during the quarter.

Institutional Investors Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc bought a new position in Haoxin Holdings Limited (NASDAQ:HXHX) during the second quarter, according to its most recent filing with the SEC. The firm bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 0.20% of Haoxin as of its most recent SEC filing.

Haoxin Company Profile

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.