Haoxin (NASDAQ:HXHX) Trading Down 9.6% – Should You Sell?

Shares of Haoxin Holdings Limited (NASDAQ:HXHX) dropped 9.6% during mid-day trading on Tuesday . The stock traded as low as $0.56 and last traded at $0.6750. Approximately 211,773 shares changed hands during trading, a decline of 17% from the average daily volume of 254,516 shares. The stock had previously closed at $0.7465.

Wall Street Analyst Weigh In

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

Haoxin Stock Performance

The business’s 50 day moving average price is $1.15 and its 200 day moving average price is $1.32.

Hedge Funds Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc purchased a new position in Haoxin Holdings Limited (NASDAQ:HXHX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin at the end of the most recent reporting period.

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.