Haoxin (NASDAQ:HXHX) Stock Price Up 0.9% – Here’s Why

Shares of Haoxin Holdings Limited (NASDAQ:HXHX) were up 0.9% during trading on Thursday . The stock traded as high as $0.51 and last traded at $0.4850. Approximately 22,025 shares were traded during trading, a decline of 46% from the average daily volume of 41,021 shares. The stock had previously closed at $0.4805.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Haoxin in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Haoxin has a consensus rating of “Sell”.

Haoxin Stock Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.37 and a current ratio of 2.37. The business has a 50-day moving average price of $0.50 and a 200-day moving average price of $0.50.

Hedge Funds Weigh In On Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new position in shares of Haoxin Holdings Limited (NASDAQ:HXHX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

About Haoxin

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.