Haoxin (NASDAQ:HXHX) Trading Down 9.2% – Here’s What Happened

Shares of Haoxin Holdings Limited (NASDAQ:HXHX) traded down 9.2% during trading on Friday . The company traded as low as $0.3319 and last traded at $0.3450. 57,621 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 64,383 shares. The stock had previously closed at $0.38.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Haoxin in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Haoxin presently has a consensus rating of “Sell”.

Haoxin Stock Performance

The firm’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $1.12.

Institutional Trading of Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) during the second quarter, according to the company in its most recent 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 about 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.