Akso Health Group (NASDAQ:AHG) Stock Price Up 5.9% – Should You Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s stock price shot up 5.9% during trading on Wednesday. The company traded as high as $1.22 and last traded at $1.2390. Approximately 13,752 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 85,542 shares. The stock had previously closed at $1.17.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Akso Health Group in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Akso Health Group currently has a consensus rating of “Sell”.

Akso Health Group Trading Up 9.0%

The firm has a fifty day moving average of $1.01 and a 200 day moving average of $1.50.

Akso Health Group (NASDAQ:AHG) last posted its quarterly earnings data on Thursday, July 23rd. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $3.42 million for the quarter.

Hedge Funds Weigh In On Akso Health Group

A hedge fund recently raised its position in Akso Health Group stock. SmartHarvest Portfolios LLC raised its position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG) by 111.5% in the first 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 as of its most recent SEC filing. Hedge funds and other institutional investors own 1.21% of the company’s stock.

Akso Health Group Company Profile

Akso Health Group Limited is a healthcare company serving customers in the People’s Republic of China. Through its operating subsidiaries, the company focuses on health management and related healthcare services.

Its activities include providing health examination, health consultation and health intervention services, along with medical services such as general-practice care, specialist consultations and hospital-referral support. The company’s offerings are intended to help individuals assess, manage and improve their health.

Akso Health Group is incorporated in the Cayman Islands and conducts its principal operations in China.