Akso Health Group (NASDAQ:AHG) Trading Down 7.1% – Here’s Why

Akso Health Group (NASDAQ:AHG)’s share price dropped 7.1% during trading on Monday . The stock traded as low as $0.83 and last traded at $0.90. Approximately 197,987 shares traded hands during trading, an increase of 182% from the average daily volume of 70,253 shares. The stock had previously closed at $0.97.

Akso Health Group Price Performance

The stock’s fifty day moving average is $1.26 and its two-hundred day moving average is $1.15.

Institutional Investors Weigh In On Akso Health Group

A hedge fund recently raised its stake in Akso Health Group stock. Catalina Capital Group LLC grew its holdings in shares of Akso Health Group (NASDAQ:AHG) by 108.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,937 shares of the company’s stock after purchasing an additional 16,588 shares during the period. Catalina Capital Group LLC’s holdings in Akso Health Group were worth $43,000 at the end of the most recent reporting period. 1.21% of the stock is currently owned by institutional investors and hedge funds.

About Akso Health Group

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.