Akso Health Group (NASDAQ:AHG) Stock Price Up 6.8% - Here's What Happened

Key Points

• Akso Health Group shares rose 6.8% to $1.31, but trading volume was exceptionally light at just 710 shares versus an average of 81,741.
• Despite the price increase, analyst sentiment remained negative: Weiss Ratings reiterated a “sell (D-)” rating, and the sole analyst covering the stock also rates it Sell.
• The company reported a quarterly loss of $0.01 per share on revenue of $3.42 million. SmartHarvest Portfolios more than doubled its stake, though institutional investors collectively own only 1.21% of the stock.

Akso Health Group Sponsored ADR (NASDAQ:AHG - Get Free Report) traded up 6.8% during trading on Thursday. The company traded as high as $1.25 and last traded at $1.31. 710 shares changed hands during trading, a decline of 99% from the average session volume of 81,741 shares. The stock had previously closed at $1.2267.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Akso Health Group in a report on Thursday, October 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of "Sell".

Akso Health Group Trading Up 1.6%

The company's fifty day moving average is $0.99 and its 200-day moving average is $1.44.

Akso Health Group (NASDAQ:AHG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $3.42 million for the quarter.

Institutional Investors Weigh In On Akso Health Group

An institutional investor recently raised its stake in Akso Health Group stock. SmartHarvest Portfolios LLC increased its position in shares of Akso Health Group Sponsored ADR (NASDAQ:AHG - Free Report) by 111.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,429 shares of the company's stock after purchasing an additional 18,681 shares during the period. SmartHarvest Portfolios LLC's holdings in Akso Health Group were worth $81,000 at the end of the most recent quarter. 1.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

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