Akari Therapeutics (NASDAQ:AKTX) Share Price Crosses Below 50-Day Moving Average of $1.87

Akari Therapeutics PLC (NASDAQ:AKTX)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1.87 and traded as low as $2.05. Akari Therapeutics shares last traded at $2.07, with a volume of 1,528 shares.

Separately, Zacks Investment Research cut Akari Therapeutics from a “hold” rating to a “strong sell” rating in a research report on Friday, September 13th.

The business has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $2.40. The company has a market cap of $33.14 million, a price-to-earnings ratio of -12.29 and a beta of -2.90.

Akari Therapeutics (NASDAQ:AKTX) last announced its quarterly earnings results on Thursday, August 29th. The biopharmaceutical company reported ($0.26) earnings per share for the quarter. On average, research analysts anticipate that Akari Therapeutics PLC will post -1 EPS for the current year.

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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