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

Addentax Group Corp. (NASDAQ:ATXG) CEO Hong Zhida purchased 24,000 shares of the firm’s stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $1.09 per share, with a total value of $26,160.00. Following the purchase, the chief executive officer now owns 245,894 shares of the company’s stock, valued at approximately $268,024.46. This represents a 10.82 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Addentax Group Trading Down 3.3 %

Shares of ATXG opened at $1.04 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 firm’s 50 day moving average is $0.72 and its 200-day moving average is $0.66. Addentax Group Corp. has a 12-month low of $0.49 and a 12-month high of $1.77.

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

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.