Akoustis Technologies Inc (NASDAQ:AKTS) insider Rohan Houlden sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $5.88, for a total transaction of $14,700.00. The sale was disclosed in a filing with the SEC, which is available through this link.
NASDAQ:AKTS opened at $5.52 on Friday. The company has a quick ratio of 12.72, a current ratio of 12.78 and a debt-to-equity ratio of 0.64. Akoustis Technologies Inc has a 12 month low of $3.40 and a 12 month high of $9.14. The stock has a 50 day moving average of $6.36.
Akoustis Technologies (NASDAQ:AKTS) last posted its earnings results on Friday, May 10th. The technology company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $0.67 million. On average, sell-side analysts forecast that Akoustis Technologies Inc will post -1.13 earnings per share for the current year.
AKTS has been the subject of several analyst reports. Craig Hallum reissued a “buy” rating and set a $12.00 price target (up previously from $10.00) on shares of Akoustis Technologies in a research report on Monday, May 13th. Zacks Investment Research downgraded shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, Northland Securities raised shares of Akoustis Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $10.17.
About Akoustis Technologies
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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