Akso Health Group (NASDAQ:AHG) Shares Gap Down – Time to Sell?

Akso Health Group Sponsored ADR (NASDAQ:AHG) gapped down before the market opened on Friday . The stock had previously closed at $1.60, but opened at $1.50. Akso Health Group shares last traded at $1.51, with a volume of 1,175 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on AHG. Wall Street Zen upgraded shares of Akso Health Group to a “sell” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Akso Health Group in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Akso Health Group Price Performance

The stock has a 50-day simple moving average of $2.17 and a 200-day simple moving average of $1.71.

Hedge Funds Weigh In On Akso Health Group

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

About Akso Health Group

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.