Andersen Group (NYSE:ANDG) Shares Down 8.2% – Time to Sell?

Andersen Group Inc. (NYSE:ANDG)’s stock price dropped 8.2% during trading on Friday . The stock traded as low as $22.01 and last traded at $22.5290. Approximately 476,251 shares were traded during trading, an increase of 62% from the average daily volume of 294,389 shares. The stock had previously closed at $24.53.

Wall Street Analyst Weigh In

ANDG has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of Andersen Group to a “hold” rating in a research report on Monday, January 12th. Robert W. Baird upgraded Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Zacks Research raised shares of Andersen Group to a “hold” rating in a report on Tuesday, January 13th. Finally, William Blair raised shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Andersen Group Stock Down 7.9%

The company has a fifty day moving average of $22.29.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN acquired a new position in shares of Andersen Group during the fourth quarter valued at approximately $46,000. PNC Financial Services Group Inc. acquired a new position in Andersen Group during the fourth quarter worth about $215,000. Barclays PLC acquired a new stake in Andersen Group in the 4th quarter valued at about $218,000. Voloridge Investment Management LLC bought a new position in shares of Andersen Group during the 4th quarter valued at about $259,000. Finally, XTX Topco Ltd acquired a new position in shares of Andersen Group in the 4th quarter worth approximately $269,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.