Haoxin (NASDAQ:HXHX) Shares Down 9.2% – Here’s What Happened

Haoxin Holdings Limited (NASDAQ:HXHX) shares traded down 9.2% during mid-day trading on Friday . The stock traded as low as $0.3319 and last traded at $0.3450. 57,621 shares were traded during mid-day trading, a decline of 11% from the average session volume of 64,383 shares. The stock had previously closed at $0.38.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Haoxin in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Haoxin Stock Down 9.2%

The firm has a fifty day simple moving average of $0.72 and a 200 day simple moving average of $1.11.

Hedge Funds Weigh In On Haoxin

A hedge fund recently bought a new stake in Haoxin stock. Marex Group plc acquired a new stake in Haoxin Holdings Limited (NASDAQ:HXHX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,871 shares of the company’s stock, valued at approximately $43,000. Marex Group plc owned 0.20% of Haoxin at the end of the most recent reporting period.

Haoxin Company Profile

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.