Media headlines about Akoustis Technologies (NASDAQ:AKTS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Akoustis Technologies earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.2147445014048 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Akoustis Technologies (NASDAQ:AKTS) opened at $6.37 on Tuesday. Akoustis Technologies has a 1 year low of $4.91 and a 1 year high of $14.00.
A number of brokerages have issued reports on AKTS. Northland Securities reissued a “buy” rating and set a $12.50 price objective on shares of Akoustis Technologies in a research report on Tuesday, February 27th. Drexel Hamilton began coverage on shares of Akoustis Technologies in a research report on Friday, February 9th. They set a “buy” rating and a $15.00 price objective on the stock.
In other news, Director Steven Denbaars sold 20,254 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $6.13, for a total value of $124,157.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jeffrey B. Shealy sold 24,863 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $5.94, for a total transaction of $147,686.22. The disclosure for this sale can be found here. Over the last three months, insiders have sold 232,477 shares of company stock worth $1,486,077. Insiders own 26.60% of the company’s stock.
Akoustis Technologies Company Profile
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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