Addentax Group (NASDAQ:ATXG) Shares Up 6.6% – Here’s What Happened

Addentax Group Corp. (NASDAQ:ATXGGet Free Report) was up 6.6% on Thursday . The company traded as high as $5.13 and last traded at $4.9050. Approximately 13,973 shares were traded during trading, an increase of 2% from the average daily volume of 13,705 shares. The stock had previously closed at $4.60.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Addentax Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Addentax Group has an average rating of “Sell”.

Check Out Our Latest Analysis on Addentax Group

Addentax Group Trading Up 6.6%

The stock has a 50 day simple moving average of $5.15 and a 200 day simple moving average of $5.58. The firm has a market capitalization of $3.83 million, a PE ratio of -0.38 and a beta of 0.48.

Institutional Investors Weigh In On Addentax Group

Large investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new stake in shares of Addentax Group in the 3rd quarter worth approximately $29,000. Virtu Financial LLC bought a new stake in shares of Addentax Group in the 3rd quarter worth approximately $31,000. Jane Street Group LLC bought a new stake in shares of Addentax Group in the 2nd quarter worth approximately $29,000. Finally, DRW Securities LLC bought a new stake in shares of Addentax Group in the 4th quarter worth approximately $129,000. 10.09% of the stock is currently owned by institutional investors.

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. It also offers shop subleasing and property management services for garment wholesalers and retailers in the garment market.

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