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Aimei Health Technology (NASDAQ:AFJK) Earns Sell (D+) Rating from Weiss Ratings

Aimei Health Technology logo with Financial Services background

Key Points

  • Aimei Health Technology's stock has been given a "sell (D+)" rating by Weiss Ratings, indicating a negative outlook.
  • The company's stock price decreased by $0.07 on Friday, closing at $11.33, with a market capitalization of $69.36 million.
  • Aimei Health Technology has been actively pursued by institutional investors, with notable increases in holdings from firms such as Berkley W R Corp and Clear Street LLC.
  • MarketBeat previews top five stocks to own in November.

Aimei Health Technology (NASDAQ:AFJK - Get Free Report)'s stock had its "sell (d+)" rating reaffirmed by investment analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Aimei Health Technology Stock Performance

Shares of AFJK stock traded down $0.07 on Friday, reaching $11.33. The stock had a trading volume of 1,007 shares, compared to its average volume of 3,936. Aimei Health Technology has a 1 year low of $10.24 and a 1 year high of $11.49. The company has a 50 day simple moving average of $11.31 and a 200 day simple moving average of $11.18. The stock has a market cap of $69.36 million, a P/E ratio of 49.26 and a beta of -0.03.

Aimei Health Technology (NASDAQ:AFJK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter.

Institutional Investors Weigh In On Aimei Health Technology

A number of large investors have recently made changes to their positions in AFJK. Polar Asset Management Partners Inc. purchased a new stake in Aimei Health Technology in the first quarter valued at $110,000. Quarry LP raised its holdings in Aimei Health Technology by 4.7% in the 1st quarter. Quarry LP now owns 157,081 shares of the company's stock valued at $1,729,000 after acquiring an additional 7,081 shares during the last quarter. Berkley W R Corp increased its holdings in shares of Aimei Health Technology by 23.6% during the 2nd quarter. Berkley W R Corp now owns 425,361 shares of the company's stock worth $4,704,000 after buying an additional 81,235 shares during the last quarter. Clear Street LLC increased its holdings in shares of Aimei Health Technology by 63.8% during the 2nd quarter. Clear Street LLC now owns 39,525 shares of the company's stock worth $441,000 after buying an additional 15,399 shares during the last quarter. Finally, Wellspring Financial Advisors LLC purchased a new position in shares of Aimei Health Technology during the 2nd quarter worth approximately $133,000. 45.58% of the stock is owned by hedge funds and other institutional investors.

About Aimei Health Technology

(Get Free Report)

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.

Further Reading

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