Eshallgo (NASDAQ:EHGO) Stock Price Down 1.1% – Time to Sell?

Eshallgo Inc. (NASDAQ:EHGO)’s share price dropped 1.1% during trading on Tuesday . The company traded as low as $1.80 and last traded at $1.82. Approximately 51,298 shares were traded during trading, an increase of 68% from the average daily volume of 30,480 shares. The stock had previously closed at $1.84.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Eshallgo in a report on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Eshallgo has a consensus rating of “Sell”.

Eshallgo Price Performance

The stock has a 50-day moving average price of $2.38 and a 200 day moving average price of $3.30.

Eshallgo (NASDAQ:EHGO) last posted its quarterly earnings data on Friday, March 13th. The company reported ($2.08) EPS for the quarter. The firm had revenue of $3.90 million during the quarter.

Institutional Trading of Eshallgo

A hedge fund recently bought a new stake in Eshallgo stock. Yorkville Advisors Global LP purchased a new position in shares of Eshallgo Inc. (NASDAQ:EHGO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 272,500 shares of the company’s stock, valued at approximately $59,000. Eshallgo makes up 0.0% of Yorkville Advisors Global LP’s investment portfolio, making the stock its 25th biggest position. Yorkville Advisors Global LP owned approximately 0.84% of Eshallgo as of its most recent filing with the Securities & Exchange Commission.

About Eshallgo

Eshallgo Inc, through its subsidiaries, engages in the sale and leasing of office equipment and after-sale maintenance and repair services in the People’s Republic of China. The company also sells office furniture, IT products, water dispensers, printing papers, and other products, as well as provides maintenance services with enterprise resource planning systems. It serves private and public sector businesses, as well as large enterprises and institutions. The company was founded in 2015 and is based in Shanghai, China.