Akari Therapeutics PLC (NASDAQ:AKTX) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as low as $2.03. Akari Therapeutics shares last traded at $2.03, with a volume of 500 shares traded.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Akari Therapeutics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 30th. B. Riley set a $7.00 target price on shares of Akari Therapeutics and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, ValuEngine upgraded shares of Akari Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th.
The company has a 50-day moving average price of $2.32. The firm has a market cap of $32.04 million, a price-to-earnings ratio of -11.88 and a beta of -2.89.
An institutional investor recently bought a new position in Akari Therapeutics stock. Virtu Financial LLC acquired a new position in Akari Therapeutics PLC (NASDAQ:AKTX) during the 1st quarter, according to its most recent filing with the SEC. The fund acquired 39,864 shares of the biopharmaceutical company’s stock, valued at approximately $143,000. Virtu Financial LLC owned approximately 0.26% of Akari Therapeutics as of its most recent SEC filing. Institutional investors and hedge funds own 14.90% of the company’s stock.
Akari Therapeutics Company Profile (NASDAQ:AKTX)
Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases. Its lead drug candidate is Coversin, a second-generation complement inhibitor that is in Phase II clinical trial for the treatment of autoimmune and inflammatory diseases, including paroxysmal nocturnal hemoglobinuria, guillain barré syndrome, and atypical hemolytic uremic syndrome.
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