Akumin (AKU) Set to Announce Earnings on Tuesday

Akumin (NASDAQ:AKUGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 10th.

NASDAQ:AKU opened at $0.90 on Friday. The stock’s 50 day moving average price is $1.04 and its 200 day moving average price is $1.41. The company has a market capitalization of $80.14 million, a PE ratio of -1.92 and a beta of 0.07. Akumin has a 52-week low of $0.89 and a 52-week high of $3.58.

AKU has been the topic of several analyst reports. National Bankshares downgraded Akumin from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $2.00 to $0.75 in a research note on Wednesday, February 2nd. National Bank Financial downgraded Akumin from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $2.00 to $0.75 in a research note on Wednesday, February 2nd.

A hedge fund recently raised its stake in Akumin stock. Advisor Group Holdings Inc. increased its position in shares of Akumin Inc. (NASDAQ:AKUGet Rating) by 100.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,975 shares of the company’s stock after purchasing an additional 8,000 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Akumin were worth $28,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 25.90% of the company’s stock.

About Akumin (Get Rating)

Akumin Inc provides outpatient diagnostic imaging services in the United States. It operates in two segments, Radiology and Oncology. The company offers various medical imaging services, including magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, digital radiography, fluoroscopy, and other diagnostic or interventional radiology procedures through a network of approximately 200 owned and/or operated imaging locations.

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