Shares of Addentax Group Corp. (NASDAQ:ATXG – Get Free Report) were up 6.6% during mid-day trading on Thursday . The company traded as high as $5.13 and last traded at $4.9050. Approximately 13,973 shares were traded during mid-day trading, an increase of 2% from the average daily volume of 13,705 shares. The stock had previously closed at $4.60.
Wall Street Analyst Weigh In
Separately, Weiss Ratings cut shares of Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Get Our Latest Analysis on Addentax Group
Addentax Group Stock Performance
Institutional Trading of Addentax Group
Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in shares of Addentax Group during the second quarter worth $29,000. Two Sigma Investments LP acquired a new position in shares of Addentax Group during the third quarter worth $29,000. Virtu Financial LLC acquired a new position in shares of Addentax Group during the third quarter worth $31,000. Finally, DRW Securities LLC acquired a new position in shares of Addentax Group during the fourth quarter worth $129,000. Institutional investors and hedge funds 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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.
Read More
- Five stocks we like better than Addentax Group
- Samsara Just Answered The AI Question—Is Wall Street Ready To Listen?
- IREN’s 800MW Bet Flips the AI Power Switch
- CrowdStrike Earnings Beat Sparks Selloff—Buy the Dip?
- Tesla’s EV Rebound Leaves Rivian and Lucid Facing a Tougher Investor Test
Receive News & Ratings for Addentax Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Addentax Group and related companies with MarketBeat.com's FREE daily email newsletter.
