Akso Health Group (NASDAQ:AHG) Stock Price Down 5.6% – Here’s Why

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s share price was down 5.6% on Wednesday. The company traded as low as $1.21 and last traded at $1.2550. Approximately 2,205 shares traded hands during trading, a decline of 97% from the average daily volume of 82,129 shares. The stock had previously closed at $1.33.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Akso Health Group in a research note on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Akso Health Group Stock Up 5.6%

The firm has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.44.

Akso Health Group (NASDAQ:AHG) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.01) EPS for the quarter. The business had revenue of $3.42 million for the quarter.

Institutional Investors Weigh In On Akso Health Group

A hedge fund recently bought a new position in Akso Health Group stock. Citadel Advisors LLC bought a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,026 shares of the company’s stock, valued at approximately $69,000. 1.21% of the stock is owned by institutional investors and hedge funds.

Akso Health Group Company Profile

Akso Health Group Limited is a healthcare company serving customers in the People’s Republic of China. Through its operating subsidiaries, the company focuses on health management and related healthcare services.

Its activities include providing health examination, health consultation and health intervention services, along with medical services such as general-practice care, specialist consultations and hospital-referral support. The company’s offerings are intended to help individuals assess, manage and improve their health.

Akso Health Group is incorporated in the Cayman Islands and conducts its principal operations in China.