ATXG Stock Drops 8.13% Amidst Lackluster Financial Performance

Author's Avatar
Oct 17, 2024

The stock of ATXG (盈喜集团) experienced significant movement, plunging 8.13%. The current trading price stands at $0.650 per share with a volume of 839 shares, reflecting a turnover rate of 0.01% and a price fluctuation of 5.26%.

Recent financial reports reveal that the company generated revenue of $851,033, while posting a net loss of $1.22 million. The earnings per share stood at a negative $0.25, and the gross profit was $202,595, resulting in a price-to-earnings ratio of -5.47. Currently, there are no institutional recommendations for buying, holding, or selling the stock.

In the broader transportation and logistics industry, the overall decline was a modest 0.01%. Notable performers in the sector included Armlogi Holding Corp., Lakeside Holding Limited, and 闪送 with significant gains. Proficient Auto Logistics, Inc., Armlogi Holding Corp., and JB亨特运输服务 showed high activity levels with turnover rates of 8.98%, 0.78%, and 0.50%, respectively. The stocks with the most substantial price fluctuations included Proficient Auto Logistics, Inc., Armlogi Holding Corp., and 闪送, registering swings of 18.70%, 17.25%, and 12.98%, respectively.

盈喜集团 is a diversified investment holding company operating through its subsidiaries in several sectors, including apparel manufacturing, logistics services, and property management. The logistics services segment is the company's largest revenue stream, offering storage, transportation, warehousing, loading and unloading, packaging, and order processing services. Additionally, it provides customs declaration and clearance services for clients exporting goods overseas. All of the company’s revenue is generated within China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.