Andersen Group (NYSE:ANDG) Stock Price Up 6.3% – Here’s Why

Andersen Group Inc. (NYSE:ANDG)’s stock price rose 6.3% during mid-day trading on Tuesday . The company traded as high as $24.81 and last traded at $24.8250. Approximately 27,616 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 288,817 shares. The stock had previously closed at $23.36.

Analysts Set New Price Targets

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

Andersen Group Stock Performance

The firm’s fifty day moving average price is $22.33.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ANDG. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group during the 4th quarter worth about $46,000. PNC Financial Services Group Inc. purchased a new position in shares of Andersen Group in the fourth quarter valued at approximately $215,000. Barclays PLC purchased a new stake in Andersen Group during the 4th quarter worth approximately $218,000. Voloridge Investment Management LLC acquired a new stake in Andersen Group during the 4th quarter worth approximately $259,000. Finally, XTX Topco Ltd purchased a new position in Andersen Group in the 4th quarter valued at approximately $269,000.

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.