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

Addentax Group (NASDAQ:ATXG) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Addentax Group in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Addentax Group has an average rating of “Sell”.

Addentax Group Trading Down 1.4%

ATXG stock opened at $0.49 on Friday. The business has a fifty day moving average price of $0.78 and a 200 day moving average price of $0.69. Addentax Group has a fifty-two week low of $0.36 and a fifty-two week high of $1.86. The stock has a market capitalization of $5.77 million, a price-to-earnings ratio of -0.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.05, a current ratio of 6.12 and a quick ratio of 6.09.

Addentax Group (NASDAQ:ATXG) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) EPS for the quarter. The firm had revenue of $0.98 million during 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 stake in Addentax Group Corp. (NASDAQ:ATXG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC). 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.