Addentax Group (NASDAQ:ATXG) Posts Quarterly Earnings Results

Posted by Eileen French on Feb 15th, 2025

Addentax Group (NASDAQ:ATXG – Get Free Report) released its quarterly earnings data on Friday. The company reported ($0.19) earnings per share for the quarter, Zacks reports. Addentax Group had a negative net margin of 74.33% and a negative return on equity of 7.74%.

Addentax Group Price Performance

ATXG stock opened at $1.10 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 11.46 and a current ratio of 11.54. The business has a 50-day moving average price of $0.73 and a 200 day moving average price of $0.66. Addentax Group has a 1-year low of $0.49 and a 1-year high of $1.44.

Insider Activity at Addentax Group

In other news, CEO Hong Zhida bought 24,000 shares of Addentax Group 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 acquisition, the chief executive officer now 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 purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders bought 27,195 shares of company stock worth $29,169 over the last three months. 3.37% of the stock is owned by corporate insiders.

Addentax Group Company Profile

(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.