Addentax Group (NASDAQ:ATXG) Releases Quarterly Earnings Results

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

Addentax Group Price Performance

NASDAQ:ATXG opened at $1.10 on Friday. The stock has a market cap of $4.73 million, a P/E ratio of -1.47 and a beta of 1.24. Addentax Group has a one year low of $0.49 and a one year high of $1.44. The company has a fifty day moving average price of $0.73 and a 200 day moving average price of $0.66. The company has a debt-to-equity ratio of 0.13, a current ratio of 11.54 and a quick ratio of 11.46.

Insider Activity at Addentax Group

In related news, CEO Hong Zhida bought 24,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $1.09 per share, for a total transaction of $26,160.00. Following the purchase, the chief executive officer now directly owns 245,894 shares in the company, valued at $268,024.46. This trade represents a 10.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 27,195 shares of company stock worth $29,169 in the last ninety days. 3.37% of the stock is currently owned by insiders.

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.