Akoustis Technologies Inc (NASDAQ:AKTS) Director Jeffrey Mcmahon sold 3,230 shares of the company’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $8.24, for a total transaction of $26,615.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Akoustis Technologies stock opened at $7.91 on Thursday. Akoustis Technologies Inc has a fifty-two week low of $4.86 and a fifty-two week high of $9.50. The company has a debt-to-equity ratio of 0.83, a quick ratio of 5.99 and a current ratio of 6.01.
Several research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Akoustis Technologies in a report on Thursday, June 21st. They issued a “buy” rating and a $15.00 price target on the stock. Roth Capital upped their price target on shares of Akoustis Technologies to $10.00 and gave the stock a “buy” rating in a report on Thursday, June 21st. Finally, Oppenheimer assumed coverage on shares of Akoustis Technologies in a report on Thursday, August 30th. They issued an “outperform” rating and a $10.00 price target on the stock. Five equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $12.50.
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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