Andersen Group (NYSE:ANDG) Reaches New 1-Year Low – Here’s Why

Andersen Group Inc. (NYSE:ANDG)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $19.24 and last traded at $19.34, with a volume of 156404 shares trading hands. The stock had previously closed at $20.38.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ANDG shares. UBS Group upgraded shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Robert W. Baird raised Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Truist Financial raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. William Blair raised shares of Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Finally, Zacks Research upgraded Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Four investment 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, Andersen Group presently has an average rating of “Buy”.

Andersen Group Price Performance

Institutional Trading of Andersen Group

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in shares of Andersen Group in the 4th quarter valued at about $45,987,000. Franklin Resources Inc. acquired a new position in Andersen Group during the fourth quarter valued at approximately $25,864,000. Royce & Associates LP bought a new position in Andersen Group in the fourth quarter valued at approximately $19,948,000. Seven Grand Managers LLC bought a new position in Andersen Group in the fourth quarter valued at approximately $12,965,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Andersen Group during the 4th quarter worth approximately $10,420,000.

Andersen Group Company Profile

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.