Akso Health Group (NASDAQ:AHG) Stock Price Up 11.3% – Should You Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG) traded up 11.3% on Thursday . The company traded as high as $1.45 and last traded at $1.4240. 7,398 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 12,030 shares. The stock had previously closed at $1.28.

Wall Street Analysts Forecast Growth

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

Akso Health Group Stock Up 11.3%

The company’s 50 day moving average price is $1.45 and its 200 day moving average price is $1.57.

Institutional Trading of Akso Health Group

A hedge fund recently bought a new stake in Akso Health Group stock. SmartHarvest Portfolios LLC bought 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 Securities and Exchange Commission (SEC). The fund 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.