Aimei Health Technology (NASDAQ:AFJK) Shares Down 0.1% - Here's Why

Key Points

• Aimei Health Technology's shares fell by 0.1% to $11.32, with trading volume significantly lower at 113 shares compared to the average of 4,438 shares.
• The company has a market capitalization of $69.28 million and reported earnings of $0.07 per share in its last quarterly earnings.
• Approximately 45.58% of Aimei Health Technology's stock is owned by institutional investors and hedge funds, indicating substantial interest from larger financial entities.

Shares of Aimei Health Technology Co., Ltd. (NASDAQ:AFJK - Get Free Report) were down 0.1% on Tuesday . The company traded as low as $11.32 and last traded at $11.32. Approximately 113 shares traded hands during mid-day trading, a decline of 97% from the average daily volume of 4,438 shares. The stock had previously closed at $11.33.

Aimei Health Technology Stock Down 0.1%

The stock's 50-day moving average price is $11.25 and its 200 day moving average price is $11.14. The firm has a market capitalization of $69.28 million, a price-to-earnings ratio of 49.22 and a beta of -0.02.

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

Hedge Funds Weigh In On Aimei Health Technology

Several hedge funds have recently bought and sold shares of the company. Polar Asset Management Partners Inc. purchased a new position in Aimei Health Technology in the 1st quarter valued at approximately $110,000. Wellspring Financial Advisors LLC acquired a new stake in shares of Aimei Health Technology in the second quarter valued at $133,000. Clear Street LLC grew its stake in 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 purchasing an additional 15,399 shares in the last quarter. Quarry LP increased its holdings in Aimei Health Technology by 4.7% during the 1st quarter. Quarry LP now owns 157,081 shares of the company's stock worth $1,729,000 after purchasing an additional 7,081 shares during the period. Finally, Crossingbridge Advisors LLC acquired a new stake in Aimei Health Technology in the 2nd quarter valued at about $2,147,000. Institutional investors and hedge funds own 45.58% of the company's stock.

About Aimei Health Technology

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.

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