Akoustis Technologies Inc (NASDAQ:AKTS) insider Rohan Houlden sold 2,500 shares of Akoustis Technologies stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.88, for a total value of $14,700.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Akoustis Technologies stock opened at $5.52 on Friday. The business’s fifty day moving average is $6.36. Akoustis Technologies Inc has a one year low of $3.40 and a one year high of $9.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 12.72 and a current ratio of 12.78.
Akoustis Technologies (NASDAQ:AKTS) last posted its quarterly earnings data on Friday, May 10th. The technology company reported ($0.26) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.03). Akoustis Technologies had a negative return on equity of 128.55% and a negative net margin of 2,879.43%. The company had revenue of $0.24 million for the quarter, compared to the consensus estimate of $0.67 million. Equities research analysts expect that Akoustis Technologies Inc will post -1.13 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of AKTS. UBS Oconnor LLC bought a new position in Akoustis Technologies during the 4th quarter worth $1,138,000. Commonwealth Equity Services LLC increased its stake in Akoustis Technologies by 350.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 193,309 shares of the technology company’s stock worth $960,000 after acquiring an additional 150,410 shares during the period. Barclays PLC increased its stake in Akoustis Technologies by 25,725.0% during the 4th quarter. Barclays PLC now owns 103,300 shares of the technology company’s stock worth $513,000 after acquiring an additional 102,900 shares during the period. Geode Capital Management LLC increased its stake in Akoustis Technologies by 123.7% during the 4th quarter. Geode Capital Management LLC now owns 171,869 shares of the technology company’s stock worth $854,000 after acquiring an additional 95,038 shares during the period. Finally, Financial Advocates Investment Management increased its stake in Akoustis Technologies by 51.5% during the 4th quarter. Financial Advocates Investment Management now owns 220,650 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 75,000 shares during the period. Hedge funds and other institutional investors own 22.65% of the company’s stock.
Several analysts recently weighed in on AKTS shares. Craig Hallum reissued a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Akoustis Technologies in a report on Monday, May 13th. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Northland Securities raised Akoustis Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Akoustis Technologies currently has an average rating of “Buy” and a consensus target price of $10.17.
Akoustis Technologies Company Profile
Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services.
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