Addentax Group (NASDAQ:ATXG) Shares Down 4.5% – Time to Sell?

Addentax Group Corp. (NASDAQ:ATXG) dropped 4.5% during trading on Friday . The company traded as low as $1.02 and last traded at $1.06. Approximately 325,878 shares changed hands during trading, a decline of 72% from the average daily volume of 1,179,726 shares. The stock had previously closed at $1.11.

Wall Street Analysts Forecast Growth

ATXG has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Addentax Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 23rd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Addentax Group in a report on Saturday, September 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Addentax Group currently has a consensus rating of “Sell”.

Addentax Group Price Performance

The company has a quick ratio of 6.09, a current ratio of 6.12 and a debt-to-equity ratio of 0.05. The stock has a market cap of $12.42 million, a P/E ratio of -1.51 and a beta of 0.97. The firm’s fifty day moving average price is $0.64 and its 200-day moving average price is $0.68.

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

Institutional Investors Weigh In On Addentax Group

An institutional investor recently bought a new position in Addentax Group stock. Jane Street Group LLC acquired a new position in Addentax Group Corp. (NASDAQ:ATXG) during the second quarter, according to its most recent filing with the SEC. The firm acquired 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 SEC. 10.09% of the stock is currently owned by hedge funds and other 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.