Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 2,400 shares of the stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $5.70, for a total value of $13,680.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
David Aichele also recently made the following trade(s):
- On Friday, May 17th, David Aichele sold 2,500 shares of Akoustis Technologies stock. The stock was sold at an average price of $7.99, for a total value of $19,975.00.
Shares of AKTS opened at $5.52 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 12.72 and a current ratio of 12.78. The company has a fifty day moving average price of $6.36. Akoustis Technologies Inc has a 52 week low of $3.40 and a 52 week high of $9.14.
A number of institutional investors and hedge funds have recently made changes to their positions in AKTS. Quad Capital Management Advisors LLC bought a new position in Akoustis Technologies in the 4th quarter valued at $71,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Akoustis Technologies by 26.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,800 shares of the technology company’s stock worth $83,000 after purchasing an additional 3,500 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Akoustis Technologies by 25.5% in the 4th quarter. IHT Wealth Management LLC now owns 19,181 shares of the technology company’s stock worth $95,000 after purchasing an additional 3,900 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of Akoustis Technologies in the 1st quarter worth $97,000. Finally, BlackRock Inc. boosted its position in shares of Akoustis Technologies by 4.2% in the 4th quarter. BlackRock Inc. now owns 41,547 shares of the technology company’s stock worth $206,000 after purchasing an additional 1,681 shares during the last quarter. Hedge funds and other institutional investors own 22.65% of the company’s stock.
A number of research firms recently commented on AKTS. Craig Hallum restated a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Akoustis Technologies in a research report on Monday, May 13th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Northland Securities upgraded Akoustis Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus 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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