Akso Health Group (NASDAQ:AHG) Trading Up 11.3% – Still a Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) traded up 11.3% on Thursday . The stock traded as high as $1.45 and last traded at $1.4240. 7,398 shares traded hands during trading, a decline of 39% from the average session volume of 12,030 shares. The stock had previously closed at $1.28.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Akso Health Group Price Performance

The business’s 50-day simple moving average is $1.45 and its two-hundred day simple moving average is $1.57.

Institutional Trading of Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. SmartHarvest Portfolios LLC purchased a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,748 shares of the company’s stock, valued at approximately $27,000. 1.21% of the stock is currently owned by institutional investors.

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.