ValuEngine Upgrades Akari Therapeutics PLC (AKTX) to “Sell”

Akari Therapeutics PLC (NASDAQ:AKTX) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Monday.

Several other research firms also recently commented on AKTX. Zacks Investment Research downgraded shares of Akari Therapeutics PLC from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 23rd. Chardan Capital upgraded shares of Akari Therapeutics PLC from a “sell” rating to a “neutral” rating and decreased their price objective for the company from $6.50 to $6.00 in a report on Wednesday, May 31st. Canaccord Genuity reiterated a “buy” rating and issued a $15.00 price objective (down from $33.00) on shares of Akari Therapeutics PLC in a report on Monday, June 26th. Finally, William Blair reiterated an “outperform” rating on shares of Akari Therapeutics PLC in a report on Tuesday, July 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $7.17.

Shares of Akari Therapeutics PLC (AKTX) opened at 5.85 on Monday. Akari Therapeutics PLC has a one year low of $3.18 and a one year high of $22.20. The company’s market capitalization is $68.89 million. The firm has a 50-day moving average of $3.96 and a 200-day moving average of $7.26.

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An institutional investor recently bought a new position in Akari Therapeutics PLC stock. Hikari Power Ltd acquired a new stake in Akari Therapeutics PLC (NASDAQ:AKTX) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 60,012 shares of the biopharmaceutical company’s stock, valued at approximately $277,000. Hikari Power Ltd owned about 0.51% of Akari Therapeutics PLC at the end of the most recent reporting period. Institutional investors and hedge funds own 26.85% of the company’s stock.

Akari Therapeutics PLC Company Profile

Akari Therapeutics, Plc, formerly Celsus Therapeutics Plc, is a clinical-stage biopharmaceutical company. It is focused on the development and commercialization of treatments for a range of rare and orphan autoimmune and inflammatory diseases caused by dysregulation of complement component 5 (C5), including paroxysmal nocturnal hemoglobinuria, Guillain Barre syndrome and atypical Hemolytic Uremic Syndrome.

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