Akso Health Group (NASDAQ:AHG) Shares Gap Up – Still a Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) gapped up prior to trading on Friday . The stock had previously closed at $1.49, but opened at $1.56. Akso Health Group shares last traded at $1.54, with a volume of 228 shares trading hands.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a report on Monday, April 20th. Wall Street Zen raised shares of Akso Health Group to a “sell” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Akso Health Group presently has a consensus rating of “Sell”.

Akso Health Group Stock Up 3.4%

The firm has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $1.70.

Institutional Investors Weigh In On Akso Health Group

A hedge fund recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC acquired a new stake in Akso Health Group Sponsored ADR (NASDAQ:AHG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

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.