Akso Health Group (NASDAQ:AHG) Hits New 12-Month Low – Here’s What Happened

Akso Health Group Sponsored ADR (NASDAQ:AHG) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $0.9054 and last traded at $0.9540, with a volume of 11138 shares trading hands. The stock had previously closed at $0.9297.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Akso Health Group in a report on Friday, July 17th. Wall Street Zen upgraded shares of Akso Health Group to a “sell” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Akso Health Group Price Performance

The company has a fifty day simple moving average of $1.40 and a two-hundred day simple moving average of $1.68.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC grew its holdings in Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 35,429 shares of the company’s stock after purchasing an additional 18,681 shares during the quarter. SmartHarvest Portfolios LLC’s holdings in Akso Health Group were worth $81,000 at the end of the most recent reporting period. 1.21% of the stock is owned by hedge funds and other 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.