Haoxin (NASDAQ:HXHX) Shares Down 8% – Here’s What Happened

Haoxin Holdings Limited (NASDAQ:HXHXGet Free Report) dropped 8% during trading on Tuesday . The company traded as low as $0.4633 and last traded at $0.5058. Approximately 393,944 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 4,477,530 shares. The stock had previously closed at $0.5498.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Haoxin from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Haoxin has a consensus rating of “Sell”.

Read Our Latest Stock Report on Haoxin

Haoxin Trading Down 8.0%

The company has a fifty day moving average of $0.53 and a 200 day moving average of $0.52. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.12.

Haoxin (NASDAQ:HXHXGet Free Report) last announced its earnings results on Thursday, April 30th. The company reported $0.08 EPS for the quarter. The company had revenue of $7.60 million during the quarter.

Institutional Trading of Haoxin

An institutional investor recently bought a new position in Haoxin stock. Marex Group plc bought a new stake in Haoxin Holdings Limited (NASDAQ:HXHXFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned about 0.20% of Haoxin at the end of the most recent reporting period.

Haoxin Company Profile

(Get Free Report)

We are a provider of temperature-controlled truckload service and urban delivery services in China with over 21 years of experience in the transportation industry. We started our urban delivery service business in 2003 and started expanding our business into temperature-controlled truckload service in 2016. We currently conduct all of our operations through our subsidiaries, Ningbo Haoxin, Zhejiang Haoxin, Longanda and Haiyue, and have experienced a steady growth in our business in recent years. The goods we take charge of transporting focus on factory logistics, which include electronic devices, chemicals, fruit, food and commercial goods.

See Also

Receive News & Ratings for Haoxin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Haoxin and related companies with MarketBeat.com's FREE daily email newsletter.