Addentax Group (NASDAQ:ATXG) Announces Earnings Results

Addentax Group (NASDAQ:ATXG) posted its quarterly earnings results on Friday. The company reported ($0.19) earnings per share (EPS) for the quarter, Zacks reports. Addentax Group had a negative return on equity of 7.74% and a negative net margin of 74.33%.

Addentax Group Stock Performance

ATXG remained flat at $1.04 during midday trading on Friday. The company’s stock had a trading volume of 44,611 shares, compared to its average volume of 41,864. The business has a fifty day moving average of $0.72 and a 200 day moving average of $0.66. The stock has a market cap of $4.47 million, a price-to-earnings ratio of -1.39 and a beta of 1.24. Addentax Group has a 12 month low of $0.49 and a 12 month high of $1.44. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13.

Insider Transactions at Addentax Group

In other Addentax Group news, CEO Hong Zhida bought 24,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the transaction, the chief executive officer now directly owns 245,894 shares of the company’s stock, valued at approximately $268,024.46. The trade was a 10.82 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have purchased 27,195 shares of company stock worth $29,169 over the last quarter. 3.37% of the stock is currently owned by insiders.

About Addentax Group

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.