Akso Health Group (NASDAQ:AHG) Shares Gap Up – Time to Buy?

Akso Health Group Sponsored ADR (NASDAQ:AHG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $1.5250, but opened at $1.60. Akso Health Group shares last traded at $1.55, with a volume of 3,984 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Akso Health Group in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Akso Health Group presently has an average rating of “Sell”.

Akso Health Group Stock Performance

The company has a 50-day simple moving average of $1.45 and a 200-day simple moving average of $1.63.

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.