Key Points
- Director Alex Hamilton sold 23,095 shares on September 8 at an average price of $0.52, generating $12,009.40, according to an SEC filing.
- Addentax shares trade near $0.46 with a market cap of $5.42M, reported quarterly EPS of ($0.11) and a deeply negative net margin (~96%), and recent trading volume (18,473) was far below its average (703,304).
- Large quant firms (Virtu, Two Sigma, Jane Street) initiated small positions worth roughly $29k–$31k, institutional ownership is about 10.09%, and analyst consensus remains negative with an average "Sell" rating despite a recent "Hold" from Wall Street Zen.
Addentax Group Corp. (NASDAQ:ATXG - Get Free Report) Director Alex Hamilton sold 23,095 shares of the firm's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $0.52, for a total transaction of $12,009.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Addentax Group Stock Performance
Shares of NASDAQ ATXG traded up $0.01 during trading on Thursday, hitting $0.46. 18,473 shares of the company traded hands, compared to its average volume of 703,304. The business's fifty day moving average is $0.75 and its 200 day moving average is $0.67. The firm has a market capitalization of $5.42 million, a price-to-earnings ratio of -0.78 and a beta of 0.94. Addentax Group Corp. has a fifty-two week low of $0.36 and a fifty-two week high of $1.86.
Addentax Group (NASDAQ:ATXG - Get Free Report) last issued its earnings results on Friday, November 14th. The company reported ($0.11) EPS for the quarter. The firm had revenue of $0.82 million during the quarter. Addentax Group had a negative net margin of 96.23% and a negative return on equity of 18.12%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new position in Addentax Group during the third quarter worth about $31,000. Two Sigma Investments LP bought a new position in shares of Addentax Group during the 3rd quarter worth approximately $29,000. Finally, Jane Street Group LLC bought a new position in shares of Addentax Group during the 2nd quarter worth approximately $29,000. 10.09% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several analysts recently issued reports on ATXG shares. Wall Street Zen raised shares of Addentax Group to a "hold" rating in a research report on Saturday, November 1st. Weiss Ratings reissued a "sell (e+)" rating on shares of Addentax Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Addentax Group has an average rating of "Sell".
Read Our Latest Report on ATXG
About Addentax Group
(
Get Free Report)
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.
Further Reading
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