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

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $1.3480, but opened at $1.4006. Akso Health Group shares last traded at $1.36, with a volume of 766 shares trading hands.

Analyst Upgrades and Downgrades

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

Akso Health Group Trading Up 4.2%

The stock’s 50-day moving average is $1.44 and its 200-day moving average is $1.58.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 the company in its most recent filing with the SEC. 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.

Akso Health Group Company Profile

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.