Addentax Group (NASDAQ:ATXG) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Addentax Group (NASDAQ:ATXG) to a sell rating in a report published on Saturday.

Addentax Group Trading Down 4.3%

Shares of ATXG opened at $0.59 on Friday. Addentax Group has a 1-year low of $0.49 and a 1-year high of $1.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 8.64 and a quick ratio of 8.59. The firm has a market capitalization of $5.95 million, a price-to-earnings ratio of -0.66 and a beta of 0.70. The company has a 50-day moving average of $0.70 and a 200 day moving average of $0.76.

Addentax Group (NASDAQ:ATXG) last released its earnings results on Monday, June 30th. The company reported ($0.32) earnings per share for the quarter. The company had revenue of $0.93 million for the quarter. Addentax Group had a negative return on equity of 8.64% and a negative net margin of 47.57%.

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.