Addentax Group (NASDAQ:ATXG) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Addentax Group (NASDAQ:ATXG) to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Addentax Group Stock Down 1.4%

Addentax Group stock opened at $0.49 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 6.09 and a current ratio of 6.12. The business’s 50-day simple moving average is $0.78 and its two-hundred day simple moving average is $0.69. The company has a market cap of $5.76 million, a PE ratio of -0.70 and a beta of 0.97. Addentax Group has a fifty-two week low of $0.36 and a fifty-two week high of $1.86.

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

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 second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 43,476 shares of the company’s stock, valued at approximately $29,000. Jane Street Group LLC owned about 0.43% of Addentax Group as of its most recent SEC filing. 10.09% of the stock is currently owned by 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.