Akso Health Group (NASDAQ:AHG) Trading Down 6% – Here’s Why

Akso Health Group Sponsored ADR (NASDAQ:AHG) fell 6% on Friday . The company traded as low as $1.24 and last traded at $1.3250. 814 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 26,439 shares. The stock had previously closed at $1.41.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Akso Health Group Stock Performance

The firm has a 50 day moving average of $1.50 and a two-hundred day moving average of $1.60.

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.