Akoustis Technologies Inc (NASDAQ:AKTS) insider Rohan Houlden sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $8.20, for a total transaction of $82,000.00.
Rohan Houlden also recently made the following trade(s):
- On Tuesday, July 16th, Rohan Houlden sold 2,500 shares of Akoustis Technologies stock. The stock was sold at an average price of $5.88, for a total transaction of $14,700.00.
NASDAQ:AKTS opened at $7.55 on Thursday. Akoustis Technologies Inc has a 52 week low of $3.40 and a 52 week high of $9.00. The firm has a 50 day moving average of $6.68 and a 200 day moving average of $6.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 9.89 and a quick ratio of 12.72.
Several equities research analysts have recently weighed in on AKTS shares. Zacks Investment Research cut shares of Akoustis Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Northland Securities cut shares of Akoustis Technologies from an “outperform” rating to a “market perform” rating and set a $7.40 price target for the company. in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $9.73.
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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