Akso Health Group (NASDAQ:AHG) Shares Gap Down - Here's Why

Key Points

• Akso Health Group (NASDAQ:AHG) shares experienced a gap down, opening at $1.54 after a previous close of $1.60, and last traded at $1.57 with a volume of 112,587 shares.
• Weiss Ratings has reissued a "sell (d-)" rating on the company, contributing to a consensus rating of "Sell" from analysts.
• The company's 50-day moving average stands at $1.75, while the 200-day moving average is lower at $1.53, reflecting a declining price trend.

Akso Health Group Sponsored ADR (NASDAQ:AHG - Get Free Report)'s share price gapped down prior to trading on Monday . The stock had previously closed at $1.60, but opened at $1.54. Akso Health Group shares last traded at $1.57, with a volume of 112,587 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Akso Health Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of "Sell".

Akso Health Group Price Performance

The firm's 50-day moving average is $1.75 and its 200 day moving average is $1.53.

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.

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