Akanda (NASDAQ:AKAN – Get Free Report) issued its quarterly earnings data on Tuesday. The company reported ($317.90) EPS for the quarter, FiscalAI reports.
Akanda Stock Down 6.1%
AKAN traded down $0.89 during midday trading on Tuesday, hitting $13.76. The stock had a trading volume of 37,146 shares, compared to its average volume of 1,440,508. The business has a fifty day moving average of $14.93 and a 200 day moving average of $11.59. Akanda has a 1 year low of $2.30 and a 1 year high of $209.02.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AKAN. Wall Street Zen raised Akanda to a “sell” rating in a report on Saturday, May 30th. Weiss Ratings lowered Akanda from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.
About Akanda
Akanda Corp., through its subsidiaries, engages in the cultivation, manufacture, and distribution of cannabis products to patients worldwide. It offers medicinal-grade cannabis and cannabis based medical and wellness products. The company was incorporated in 2021 and is headquartered in New Romney, the United Kingdom.
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