Akso Health Group (NASDAQ:AHG) Stock Price Down 6.2% – Time to Sell?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s stock price dropped 6.2% on Thursday. The company traded as low as $1.3484 and last traded at $1.29. Approximately 1,402 shares traded hands during trading, a decline of 98% from the average daily volume of 83,322 shares. The stock had previously closed at $1.3751.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Akso Health Group in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Akso Health Group Trading Down 6.2%

The company has a fifty day moving average of $1.00 and a two-hundred day moving average of $1.47.

Akso Health Group (NASDAQ:AHG) last released its earnings results on Thursday, July 23rd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.42 million during the quarter.

Institutional Trading of Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. Citadel Advisors LLC acquired a new position in Akso Health Group Sponsored ADR (NASDAQ:AHG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 46,026 shares of the company’s stock, valued at approximately $69,000. 1.21% of the stock is currently owned by institutional investors and hedge funds.

About Akso Health Group

Akso Health Group Limited is a healthcare company serving customers in the People’s Republic of China. Through its operating subsidiaries, the company focuses on health management and related healthcare services.

Its activities include providing health examination, health consultation and health intervention services, along with medical services such as general-practice care, specialist consultations and hospital-referral support. The company’s offerings are intended to help individuals assess, manage and improve their health.

Akso Health Group is incorporated in the Cayman Islands and conducts its principal operations in China.