Akari Therapeutics (NASDAQ:AKTX) Now Covered by StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Akari Therapeutics (NASDAQ:AKTX) in a research report issued on Wednesday. The brokerage set a “sell” rating on the biopharmaceutical company’s stock.

Akari Therapeutics Price Performance

Shares of NASDAQ:AKTX opened at $1.22 on Wednesday. The stock’s 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $2.64. Akari Therapeutics has a 52-week low of $1.08 and a 52-week high of $5.50.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Akari Therapeutics stock. Omnia Family Wealth LLC grew its stake in shares of Akari Therapeutics, Plc (NASDAQ:AKTX) by 48.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,628 shares of the biopharmaceutical company’s stock after buying an additional 28,511 shares during the period. Omnia Family Wealth LLC owned 1.55% of Akari Therapeutics worth $273,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 5.06% of the company’s stock.

Akari Therapeutics Company Profile

Akari Therapeutics, Plc, a clinical-stage biopharmaceutical company, focuses on developing advanced therapies for autoimmune and inflammatory diseases. Its lead product candidate is nomacopan, a second-generation complement inhibitor that prevents inflammatory and prothrombotic activities, including paroxysmal nocturnal hemoglobinuria, Guillain-Barré syndrome, hematopoietic stem cell transplant-associated thrombotic microangiopathy, and bullous pemphigoid, as well as pre-clinical program developing long-acting PASylated-nomacopan for treatment of geographic atrophy secondary to dry age-related macular degeneration.