Akari Therapeutics (NASDAQ:AKTX) Stock Price Down 29.8%

Shares of Akari Therapeutics PLC (NASDAQ:AKTX) traded down 29.8% on Thursday . The stock traded as low as $2.01 and last traded at $2.05, 3,675,300 shares traded hands during mid-day trading. An increase of 186% from the average session volume of 1,286,932 shares. The stock had previously closed at $2.92.

Separately, Zacks Investment Research raised Akari Therapeutics from a “strong sell” rating to a “buy” rating and set a $2.25 price objective on the stock in a research report on Monday, July 1st.

The company has a 50-day simple moving average of $1.95 and a two-hundred day simple moving average of $2.52. The firm has a market cap of $28.00 million, a PE ratio of -12.06 and a beta of -2.81.

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

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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,864 shares of the biopharmaceutical company’s stock, valued at approximately $143,000. Virtu Financial LLC owned about 0.26% of Akari Therapeutics at the end of the most recent quarter. 14.90% of the stock is owned by institutional investors and hedge funds.

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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