Akso Health Group (NASDAQ:AHG) Shares Gap Down – Time to Sell?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s share price gapped down prior to trading on Friday . The stock had previously closed at $1.59, but opened at $1.4750. Akso Health Group shares last traded at $1.5780, with a volume of 1,041 shares trading hands.

Analysts Set New Price Targets

Several brokerages have commented on AHG. Wall Street Zen raised shares of Akso Health Group to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Akso Health Group Stock Down 5.3%

The firm has a fifty day moving average price of $1.46 and a 200 day moving average price of $1.70.

Akso Health Group (NASDAQ:AHG) last issued its earnings results on Thursday, July 23rd. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $3.42 million for the quarter.

Institutional Investors Weigh In On Akso Health Group

An institutional investor recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC increased its holdings in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 35,429 shares of the company’s stock after purchasing an additional 18,681 shares during the period. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 as of its most recent filing with the SEC. 1.21% of the stock is currently owned by institutional investors and hedge funds.

Akso Health Group Company Profile

Akso Health Group operates a social e-commerce mobile platform in China. The company operates Xiaobai Maimai App, which offers food and beverage products, wine, cosmetic products, fashion and apparel, entertainment products, housewares, home appliances, and cost-saving promotions at petrol gas stations. It also offers consultancy and information technology support services; provides health treatment services; sells medical devices; and trades in branded products, as well as promotes products. The company was formerly known as Xiaobai Maimai Inc and changed its name to Akso Health Group in December 2021.