Akso Health Group (NASDAQ:AHG) Issues Quarterly Earnings Results

Akso Health Group (NASDAQ:AHG) posted its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The business had revenue of $3.42 million for the quarter.

Akso Health Group Stock Up 2.4%

AHG stock traded up $0.04 on Friday, hitting $1.50. 3,590 shares of the company’s stock traded hands, compared to its average volume of 68,123. Akso Health Group has a 1-year low of $1.10 and a 1-year high of $2.50. The stock has a fifty day moving average of $1.47 and a 200-day moving average of $1.70.

Institutional Investors Weigh In On Akso Health Group

An institutional investor recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC acquired a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AHG shares. Wall Street Zen raised Akso Health Group to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.