Addentax Group Corp. (NASDAQ:ATXG) CEO Hong Zhida Buys 24,000 Shares

Addentax Group Corp. (NASDAQ:ATXG) CEO Hong Zhida bought 24,000 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $1.09 per share, for a total transaction of $26,160.00. Following the completion of 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 acquisition 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 purchased 2,000 shares of Addentax Group stock. The shares were purchased at an average cost of $1.10 per share, for a total transaction of $2,200.00.
• On Thursday, February 6th, Hong Zhida acquired 232 shares of Addentax Group stock. The stock was purchased at an average cost of $0.79 per share, with a total value of $183.28.
• On Tuesday, February 4th, Hong Zhida bought 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 Up 5.8 %

NASDAQ:ATXG opened at $1.10 on Friday. Addentax Group Corp. has a 52-week low of $0.49 and a 52-week high of $1.44. 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 stock has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.66. The company has a market capitalization of $4.73 million, a PE ratio of -1.47 and a beta of 1.24.

Addentax Group (NASDAQ:ATXG) last announced its earnings results on Friday, February 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business 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%.

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.