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Akebia Therapeutics (NASDAQ:AKBA)’s share price reached a new 52-week high on Friday , Analyst Ratings Net reports. The stock traded as high as $31.00 and last traded at $30.36, with a volume of 110,440 shares. The stock had previously closed at $27.28.

A number of research firms have recently commented on AKBA. Analysts at Zacks initiated coverage on shares of Akebia Therapeutics in a research note on Wednesday, April 23rd. They set a “hold” rating on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Akebia Therapeutics in a research note on Monday, April 14th. They now have a $39.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Akebia Therapeutics in a research note on Monday, April 14th. They set a “buy” rating and a $16.86 price target on the stock.

The stock has a 50-day moving average of $24.51 and a 200-day moving average of $23.22. The company’s market cap is $533.8 million.

Akebia Therapeutics (NASDAQ:AKBA) last issued its quarterly earnings data on Monday, May 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.34. On average, analysts predict that Akebia Therapeutics will post $-2.04 earnings per share for the current fiscal year.

Akebia Therapeutics Inc is a United States-based biopharmaceutical company, which is focused on the development of small molecules for the treatment of anemia and vascular disease.

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