Akso Health Group (NASDAQ:AHG) Stock Price Down 6.3% – Here’s Why

Akso Health Group Sponsored ADR (NASDAQ:AHGGet Free Report) traded down 6.3% on Monday . The stock traded as low as $1.17 and last traded at $1.19. Approximately 1,384 shares changed hands during trading, a decline of 98% from the average session volume of 62,323 shares. The stock had previously closed at $1.27.

Wall Street Analysts Forecast Growth

AHG has been the topic of several research reports. Wall Street Zen upgraded Akso Health Group to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Akso Health Group currently has a consensus rating of “Sell”.

Get Our Latest Research Report on AHG

Akso Health Group Price Performance

The company has a 50-day moving average price of $1.43 and a 200-day moving average price of $1.69.

Akso Health Group (NASDAQ:AHGGet Free Report) last announced its quarterly 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 bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC bought a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHGFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,748 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Akso Health Group Company Profile

(Get Free Report)

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.

Further Reading

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