Akso Health Group (NASDAQ:AHG) Stock Price Down 6.2% – Time to Sell?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s stock price traded down 6.2% during mid-day trading on Thursday. The company traded as low as $1.3484 and last traded at $1.29. 1,402 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 83,322 shares. The stock had previously closed at $1.3751.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research note on Thursday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Akso Health Group presently has an average rating of “Sell”.

Akso Health Group Price Performance

The company has a fifty day simple moving average of $1.00 and a two-hundred day simple moving average of $1.46.

Akso Health Group (NASDAQ:AHG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $3.42 million during the quarter.

Institutional Trading of Akso Health Group

A hedge fund recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC lifted its stake in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,429 shares of the company’s stock after acquiring an additional 18,681 shares during the period. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.21% of the company’s stock.

About Akso Health Group

Akso Health Group Limited is a healthcare company serving customers in the People’s Republic of China. Through its operating subsidiaries, the company focuses on health management and related healthcare services.

Its activities include providing health examination, health consultation and health intervention services, along with medical services such as general-practice care, specialist consultations and hospital-referral support. The company’s offerings are intended to help individuals assess, manage and improve their health.

Akso Health Group is incorporated in the Cayman Islands and conducts its principal operations in China.