Addentax Group (NASDAQ:ATXG) Stock Price Down 3.4% – Here’s Why

Addentax Group Corp. (NASDAQ:ATXG)’s share price was down 3.4% during trading on Tuesday . The company traded as low as $0.57 and last traded at $0.60. Approximately 13,363 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 74,499 shares. The stock had previously closed at $0.62.

Addentax Group Stock Down 3.4 %

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 company has a market capitalization of $2.57 million, a PE ratio of -0.80 and a beta of 1.52. The firm’s 50-day simple moving average is $0.61 and its 200 day simple moving average is $0.67.

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.