Andersen Group (NYSE:ANDG) Trading Down 8.2% – Should You Sell?

Andersen Group Inc. (NYSE:ANDG)’s share price traded down 8.2% during mid-day trading on Friday . The stock traded as low as $22.01 and last traded at $22.5290. 476,251 shares were traded during mid-day trading, an increase of 62% from the average session volume of 294,389 shares. The stock had previously closed at $24.53.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ANDG shares. William Blair raised Andersen Group to a “strong-buy” rating in a research note on Monday, January 12th. Zacks Research upgraded Andersen Group to a “hold” rating in a research report on Tuesday, January 13th. Wells Fargo & Company upgraded Andersen Group to a “hold” rating in a report on Monday, January 12th. Truist Financial upgraded shares of Andersen Group to a “strong-buy” rating in a report on Monday, January 12th. Finally, Robert W. Baird raised shares of Andersen Group to a “strong-buy” rating in a research report on Monday, January 12th. Four investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Andersen Group Stock Down 7.9%

The stock has a 50 day moving average price of $22.29.

Institutional Investors Weigh In On Andersen Group

A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN acquired a new stake in shares of Andersen Group during the 4th quarter valued at $46,000. PNC Financial Services Group Inc. acquired a new stake in Andersen Group during the fourth quarter valued at $215,000. Barclays PLC purchased a new position in Andersen Group in the fourth quarter valued at about $218,000. Voloridge Investment Management LLC acquired a new position in Andersen Group in the 4th quarter worth about $259,000. Finally, XTX Topco Ltd acquired a new stake in shares of Andersen Group during the 4th quarter valued at about $269,000.

About Andersen Group

Our mission is to deliver exceptional client service grounded in integrity, transparency, and excellence. Since our founding in 2002, we have experienced rapid and sustained growth, powered by our people, our values and our relentless commitment to innovative, client-focused solutions. Building on the rich traditions and culture of the former Arthur Andersen, we are driven by a bold vision to lead in a complex global marketplace, creating lasting value for our clients, our people and our investors.