Akoustis Technologies Inc (NASDAQ:AKTS) major shareholder Mark N. Tompkins sold 12,500 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $6.28, for a total transaction of $78,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Akoustis Technologies Inc (NASDAQ AKTS) traded down $0.22 during midday trading on Friday, hitting $6.23. 77,838 shares of the stock were exchanged, compared to its average volume of 78,997. Akoustis Technologies Inc has a 1-year low of $4.91 and a 1-year high of $14.00.
Akoustis Technologies (NASDAQ:AKTS) last issued its earnings results on Tuesday, November 14th. The technology company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.30 million during the quarter, compared to analyst estimates of $0.70 million. Akoustis Technologies had a negative net margin of 1,462.20% and a negative return on equity of 115.56%. sell-side analysts anticipate that Akoustis Technologies Inc will post -0.34 EPS for the current fiscal year.
About Akoustis Technologies
Akoustis Technologies, Inc, formerly Danlax, Corp., is a fabless company engaged in developing, designing and manufacturing radio frequency (RF) filter products for the mobile wireless device industry. The Company operates in the telecommunications and fiber optics sector. The Company is focused on commercializing and manufacturing its Bulk ONE acoustic wave technology to address the critical frequency-selectivity requirements in mobile smartphones.
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