Akso Health Group (NASDAQ:AHG) Shares Gap Down – Should You Sell?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $1.37, but opened at $1.27. Akso Health Group shares last traded at $1.31, with a volume of 2,607 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Akso Health Group has a consensus rating of “Sell”.

Akso Health Group Price Performance

The company’s 50-day moving average is $1.45 and its two-hundred day moving average is $1.58.

Hedge Funds 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:AHG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is owned by institutional investors and hedge funds.

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.