Akoustis Technologies Inc (NASDAQ:AKTS) VP David Aichele sold 1,900 shares of the company’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $5.49, for a total value of $10,431.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
David Aichele also recently made the following trade(s):
- On Tuesday, July 16th, David Aichele sold 2,400 shares of Akoustis Technologies stock. The shares were sold at an average price of $5.70, for a total value of $13,680.00.
- On Friday, May 17th, David Aichele sold 2,500 shares of Akoustis Technologies stock. The shares were sold at an average price of $7.99, for a total value of $19,975.00.
Shares of AKTS traded up $0.01 during trading hours on Wednesday, reaching $5.86. 275,800 shares of the company traded hands, compared to its average volume of 376,338. 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 fifty-two week low of $3.40 and a fifty-two week high of $9.00. The company’s fifty day moving average price is $5.75.
A number of analysts recently commented on the company. Craig Hallum reaffirmed a “buy” rating and set a $12.00 price objective (up previously from $10.00) on shares of Akoustis Technologies in a research note on Monday, May 13th. Northland Securities raised Akoustis Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 10th. Finally, Zacks Investment Research raised Akoustis Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Akoustis Technologies presently has a consensus rating of “Buy” and an average price target 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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