Akoustis Technologies (AKTS) Getting Somewhat Favorable Press Coverage, Study Shows

Headlines about Akoustis Technologies (NASDAQ:AKTS) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Akoustis Technologies earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.5407431998301 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of AKTS stock traded down $0.17 during midday trading on Monday, hitting $4.91. The company had a trading volume of 64,792 shares, compared to its average volume of 122,621. Akoustis Technologies has a 52-week low of $4.86 and a 52-week high of $11.99.

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Several research analysts have weighed in on the company. Northland Securities reiterated a “buy” rating and issued a $12.50 target price on shares of Akoustis Technologies in a research note on Tuesday, February 27th. Drexel Hamilton assumed coverage on Akoustis Technologies in a research note on Friday, February 9th. They issued a “buy” rating and a $15.00 target price on the stock.

In other news, Director Steven Denbaars sold 20,254 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $6.13, for a total value of $124,157.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP David Aichele sold 13,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.82, for a total value of $88,660.00. The disclosure for this sale can be found here. Insiders sold a total of 132,554 shares of company stock worth $872,084 over the last quarter. Company insiders own 26.60% of the company’s stock.

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About Akoustis Technologies

Akoustis Technologies, Inc engages in developing, designing, and manufacturing radio frequency (RF) filter products for the mobile wireless device industries. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment.

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