Addentax Group (NASDAQ:ATXG) Stock Price Down 3.4% – What’s Next?

Shares of Addentax Group Corp. (NASDAQ:ATXG) traded down 3.4% on Tuesday . The company traded as low as $0.57 and last traded at $0.60. 13,363 shares traded hands during trading, a decline of 82% from the average session volume of 74,499 shares. The stock had previously closed at $0.62.

Addentax Group Trading Down 3.4 %

The company has a 50-day simple moving average of $0.62 and a 200-day simple moving average of $0.67. 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 stock has a market cap of $2.57 million, a P/E ratio of -0.80 and a beta of 1.52.

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.