Akoustis Technologies Inc (NASDAQ:AKTS) Director Arthur Geiss purchased 3,850 shares of Akoustis Technologies stock in a transaction that occurred on Thursday, November 8th. The stock was bought at an average cost of $5.20 per share, with a total value of $20,020.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NASDAQ AKTS traded up $0.16 during trading on Friday, reaching $4.96. The company’s stock had a trading volume of 454,546 shares, compared to its average volume of 800,072. The company has a debt-to-equity ratio of 1.30, a quick ratio of 5.99 and a current ratio of 4.81. Akoustis Technologies Inc has a twelve month low of $3.40 and a twelve month high of $9.50.
AKTS has been the subject of a number of research reports. Oppenheimer initiated coverage on shares of Akoustis Technologies in a research report on Thursday, August 30th. They issued an “outperform” rating and a $10.00 price target for the company. Piper Jaffray Companies began coverage on shares of Akoustis Technologies in a research note on Wednesday, October 10th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Loop Capital dropped their price objective on shares of Akoustis Technologies from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. Six equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $11.42.
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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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