Aimei Health Technology (NASDAQ:AFJK) Shares Gap Up – Should You Buy?

Aimei Health Technology Co., Ltd. (NASDAQ:AFJK)’s share price gapped up prior to trading on Friday . The stock had previously closed at $64.01, but opened at $85.40. Aimei Health Technology shares last traded at $83.6580, with a volume of 77,152 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Aimei Health Technology in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Aimei Health Technology Stock Up 18.4%

The company has a market cap of $463.92 million, a price-to-earnings ratio of 382.76 and a beta of -3.95. The business has a fifty day simple moving average of $23.93 and a 200 day simple moving average of $15.65.

Aimei Health Technology (NASDAQ:AFJK) last issued its earnings results on Tuesday, November 18th. The company reported $0.06 earnings per share for the quarter.

Institutional Investors Weigh In On Aimei Health Technology

Several large investors have recently bought and sold shares of AFJK. Quarry LP lifted its holdings in Aimei Health Technology by 6.4% during the third quarter. Quarry LP now owns 167,081 shares of the company’s stock worth $1,891,000 after acquiring an additional 10,000 shares during the period. Clear Street Group Inc. purchased a new position in Aimei Health Technology in the 3rd quarter worth approximately $691,000. Berkley W R Corp lifted its stake in Aimei Health Technology by 5.9% in the third quarter. Berkley W R Corp now owns 450,655 shares of the company’s stock worth $5,101,000 after acquiring an additional 25,294 shares during the period. Clear Street LLC lifted its holdings in shares of Aimei Health Technology by 63.8% during the second quarter. Clear Street LLC now owns 39,525 shares of the company’s stock valued at $441,000 after purchasing an additional 15,399 shares during the last quarter. Finally, Wellspring Financial Advisors LLC purchased a new position in Aimei Health Technology in the second quarter worth about $133,000. Institutional investors own 45.58% of the company’s stock.

Aimei Health Technology Company Profile

Aimei Health Technology Co, Ltd does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization, or similar business combination with one or more businesses or entities. It intends to acquires businesses in the biopharmaceutical, medical technology/device industries or diagnostic, and other services sectors. Aimei Health Technology Co, Ltd was incorporated in 2023 and is based in New York, New York.