Addentax Group (NASDAQ:ATXG) Posts Earnings Results

Addentax Group (NASDAQ:ATXG) announced its quarterly earnings data on Friday. The company reported ($0.19) earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $1.06 million during the quarter. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Addentax Group Trading Up 5.8 %

Shares of Addentax Group stock opened at $1.10 on Friday. The stock has a market capitalization of $4.73 million, a P/E ratio of -1.47 and a beta of 1.24. 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 company has a 50-day simple moving average of $0.73 and a 200 day simple moving average of $0.66. Addentax Group has a 12-month low of $0.49 and a 12-month high of $1.44.

Insider Buying and Selling

In other news, CEO Hong Zhida bought 24,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average price 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 $268,024.46. This trade represents a 10.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders bought 27,195 shares of company stock worth $29,169 in the last quarter. 3.37% of the stock is owned by corporate 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.