TX Holdings, Inc. (TXHG)
TX Holdings, Inc. operates in the Industrial - Distribution industry of the Industrials sector, headquartered in Ashland, KY, US. The stock last traded at $0.04, down 12.50% on the session, giving a market capitalisation of $1.6M. On trailing twelve-month figures it carries a trailing P/E of 2.54, a net margin of 9.3%. Its beta of -1.63 implies it has historically moved less than the broad market.
TX Holdings, Inc. is a key supplier and distributor of a variety of essential products for the United States' coal mining sector. The company primarily provides drilling apparatus, including diverse drill bits, augers, and complementary tools required for both soft and hard rock excavation. This encompasses specialized drill steel mining products and accessories, alongside tungsten carbide drill bits. In addition to mining equipment, TX Holdings also furnishes crucial rail infrastructure components. These offerings include heavy-duty tee rails for constructing railroad tracks used in coal transportation, robust steel ties for securing these rails, switches, and other related accessories and tools. The firm employs a dual sales strategy, reaching customers through independent sales agents who serve resellers, as well as directly supplying coal mine operators. Established in 2000, the company initially operated under the name R Wireless, Inc. It officially rebranded to TX Holdings, Inc. in July 2005 and maintains its corporate headquarters in Ashland, Kentucky.
TX Holdings, Inc. is most often compared with the following Industrials names: