Akoustis Technologies Inc (NASDAQ:AKTS) Director Steven Denbaars sold 7,000 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $7.72, for a total transaction of $54,040.00.
Shares of AKTS stock opened at $8.00 on Friday. The firm has a fifty day simple moving average of $7.66 and a 200-day simple moving average of $6.73. The company has a debt-to-equity ratio of 0.70, a quick ratio of 9.87 and a current ratio of 9.89. Akoustis Technologies Inc has a twelve month low of $3.40 and a twelve month high of $9.00.
Several research analysts have recently weighed in on AKTS shares. Oppenheimer set a $10.00 target price on shares of Akoustis Technologies and gave the company a “buy” rating in a research note on Wednesday, September 18th. Zacks Investment Research downgraded shares of Akoustis Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, August 29th. Finally, Northland Securities downgraded shares of Akoustis Technologies from an “outperform” rating to a “market perform” rating and set a $7.40 target price for the company. in a research note on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Akoustis Technologies currently has a consensus rating of “Buy” and a consensus 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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