Akso Health Group (NASDAQ:AHG) Shares Gap Down – Here’s Why

Akso Health Group Sponsored ADR (NASDAQ:AHG) shares gapped down prior to trading on Tuesday . The stock had previously closed at $1.44, but opened at $1.25. Akso Health Group shares last traded at $1.3790, with a volume of 240 shares traded.

Wall Street Analysts Forecast Growth

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

Akso Health Group Stock Down 5.1%

The stock’s fifty day simple moving average is $1.44 and its 200-day simple moving average is $1.59.

Institutional Investors Weigh In On Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. SmartHarvest Portfolios LLC acquired a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,748 shares of the company’s stock, valued at approximately $27,000. Hedge funds and other 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.