Insider Buying: Addentax Group Corp. (NASDAQ:ATXG) CEO Buys 24,000 Shares of Stock

Addentax Group Corp. (NASDAQ:ATXG) CEO Hong Zhida purchased 24,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the completion of the transaction, the chief executive officer now owns 245,894 shares in the company, valued at approximately $268,024.46. This trade represents a 10.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

Hong Zhida also recently made the following trade(s):

• On Tuesday, February 11th, Hong Zhida purchased 2,000 shares of Addentax Group stock. The stock was acquired at an average cost of $1.10 per share, for a total transaction of $2,200.00.
• On Thursday, February 6th, Hong Zhida purchased 232 shares of Addentax Group stock. The stock was acquired at an average cost of $0.79 per share, for a total transaction of $183.28.
• On Tuesday, February 4th, Hong Zhida purchased 963 shares of Addentax Group stock. The stock was acquired at an average cost of $0.65 per share, for a total transaction of $625.95.

Addentax Group Stock Performance

Shares of NASDAQ ATXG opened at $1.10 on Friday. The company has a quick ratio of 11.46, a current ratio of 11.54 and a debt-to-equity ratio of 0.13. The business’s 50 day moving average is $0.73 and its two-hundred day moving average is $0.66. The company has a market cap of $4.73 million, a P/E ratio of -1.47 and a beta of 1.24. Addentax Group Corp. has a 12 month low of $0.49 and a 12 month high of $1.44.

Addentax Group (NASDAQ:ATXG) last issued its quarterly earnings results on Friday, February 14th. The company reported ($0.19) EPS for the quarter. Addentax Group had a negative return on equity of 7.74% and a negative net margin of 74.33%.

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.