Akso Health Group (NASDAQ:AHG) Stock Price Up 6.7% – Still a Buy?

Shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) were up 6.7% during trading on Tuesday . The company traded as high as $1.43 and last traded at $1.43. 13,928 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 78,754 shares. The stock had previously closed at $1.34.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen upgraded Akso Health Group to a “sell” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Akso Health Group in a research report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Akso Health Group has an average rating of “Sell”.

Akso Health Group Trading Up 6.7%

The company’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $1.69.

Hedge Funds Weigh In On Akso Health Group

A hedge fund recently bought a new position in Akso Health Group stock. SmartHarvest Portfolios LLC bought a new position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,748 shares of the company’s stock, valued at approximately $27,000. Institutional investors and hedge funds 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.