Akari Therapeutics (NASDAQ:AKTX) Stock Price Passes Below Two Hundred Day Moving Average of $0.00

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Akari Therapeutics PLC (NASDAQ:AKTX)’s share price crossed 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 recently issued reports on AKTX shares. ValuEngine raised shares of Akari Therapeutics from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. B. Riley set a $7.00 price objective on shares of Akari Therapeutics and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Zacks Investment Research raised shares of Akari Therapeutics from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research report on Friday, April 26th.

The company has a 50-day simple moving average of $2.34. The firm has a market capitalization of $31.88 million, a P/E ratio of -12.18 and a beta of -2.89.

Akari Therapeutics (NASDAQ:AKTX) last released its quarterly earnings results on Wednesday, May 29th. The biopharmaceutical company reported ($0.16) earnings per share for the quarter. On average, sell-side analysts predict that Akari Therapeutics PLC will post -1 EPS for the current fiscal year.

A hedge fund recently bought a new stake in Akari Therapeutics stock. Virtu Financial LLC acquired a new position in shares of Akari Therapeutics PLC (NASDAQ:AKTX) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period. 14.90% of the stock is owned by hedge funds and other institutional investors.

About Akari Therapeutics (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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